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BlockFi Licenses

BlockFi Licenses

BlockFi Licenses

BlockFi suspended operations and paused its platform on November 10, 2022. As of that date, all retail loans have been placed into administrative forbearance and any amounts due including interest and maturity payments have been placed on hold. No collections activity is being pursued with respect to these loans, and late fees and interest are not being assessed with respect to the loans while in this status. BlockFi has requested permission from the bankruptcy court to return all loan payments received after the platform pause on November 10, 2022.

BlockFi and its affiliated entities hold the following licenses.

U.S. Licenses
StateLicense TypeAgencyLicense #Authorized Names
ALConsumer Credit LicenseAlabama State Banking DepartmentMC22568BlockFi Lending LLC
AL Money Transmitter LicenseAlabama Securities CommissionBlockFi Trading LLC
ARMoney Transmitter LicenseArkansas Securities Department127143 (suspended)BlockFi Trading LLC
CAFinance Lender and Broker LicenseCalifornia Department of Business Oversight 60DBO 81955 (suspended)BlockFi Lending LLC
COSupervised Lender’s LicenseColorado Department of Law4000047BlockFi Lending LLC
CT Money Transmitter LicenseState of Connecticut Department of BankingMT-1873137 (suspended)BlockFi Trading LLC
IAMaster Loan Company RegistrationIowa Division of Banking88893565BlockFi Lending LLC
IANonresident Regulated Loan Company Branch LicenseIowa Division of BankingBranch ID 2146245BlockFi Lending LLC
KSSupervised Loan LicenseKansas Office of the State Bank CommissionerSL.0026692BlockFi Lending LLC
MDConsumer Loan Authorization Maryland Commissioner of Financial Regulation1643BlockFi Lending LLC
MDMoney Transmitter LicenseMaryland Commissioner of Financial Regulation12-1873137BlockFi Trading LLC
MIRegulated Loan Act LicenseMichigan Department of Insurance and Financial ServicesRL 0021553BlockFi Lending LLC
MNRegulated Loan LicenseMinnesota Department of CommerceMN-RL-1737520BlockFi Lending LLC
MOSmall Loan License Missouri Division of Finance367-20-8666BlockFi Lending LLC
NCMoney Transmitter LicenseNorth Carolina Commissioner of Banks187117BlockFi Trading LLC
NJMoney Transmitter LicenseNew Jersey Department of Banking and Insurance1904236 C22BlockFi Trading LLC
OHConsumer Installment Loan Act LicenseOhio Division of Financial InstitutionsCI.550020.000BlockFi Lending LLC
OHMoney Transmitter LicenseOhio Department of Commerce Division of Financial InstitutionsBlockFi Trading LLC
OKLicense of AuthorityOklahoma Office of the Administrator of Consumer Credit87760BlockFi Lending LLC
RILender LicenseState of Rhode Island Department of Business Regulation20214155LLBlockFi Lending LLC
TNIndustrial Loan and Thrift Certificate of RegistrationTennessee Department of Financial Institutions4071BlockFi Lending LLC
TNMoney Transmitter LicenseTennessee Department of Financial Institutions1873137BlockFi Trading LLC
TXMoney Services Business LicenseState of Texas Department of Banking3210BlockFi Trading LLC
WAMoney Transmitter LicenseState of Washington Department of Financial Institutions550-MT-121212BlockFi Trading LLC
Non-U.S. Licenses
JurisdictionLicense TypeAgencyAuthorized Names
BermudaClass F Digital Business Assets LicenseBermuda Monetary AuthorityBlockFi International Ltd.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
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TwitterLinkedinFacebookYouTubeRedditInstagramThis icon serves as a link to download the eSSENTIAL Accessibility's free assistive technology app for individuals with physical disabilities.
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.
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TwitterLinkedinFacebookYouTubeRedditInstagram
This icon serves as a link to download the eSSENTIAL Accessibility's free assistive technology app for individuals with physical disabilities.
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.