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
| State | License Type | Agency | License # | Authorized Names |
|---|---|---|---|---|
| AL | Money Transmitter License | Alabama Securities Commission | BlockFi Trading LLC | |
| AR | Money Transmitter License | Arkansas Securities Department | 127143 (suspended) | BlockFi Trading LLC |
| CA | Finance Lender and Broker License | California Department of Business Oversight | 60DBO 81955 (suspended) | BlockFi Lending LLC |
| CO | Supervised Lender’s License | Colorado Department of Law | 4000047 | BlockFi Lending LLC |
| CT | Money Transmitter License | State of Connecticut Department of Banking | MT-1873137 (suspended) | BlockFi Trading LLC |
| KS | Supervised Loan License | Kansas Office of the State Bank Commissioner | SL.0026692 | BlockFi Lending LLC |
| MD | Money Transmitter License | Maryland Commissioner of Financial Regulation | 12-1873137 | BlockFi Trading LLC |
| MN | Regulated Loan License | Minnesota Department of Commerce | MN-RL-1737520 | BlockFi Lending LLC |
| MO | Small Loan License | Missouri Division of Finance | 367-20-8666 | BlockFi Lending LLC |
| NC | Money Transmitter License | North Carolina Commissioner of Banks | 187117 | BlockFi Trading LLC |
| NJ | Money Transmitter License | New Jersey Department of Banking and Insurance | 1904236 C22 | BlockFi Trading LLC |
| OH | Money Transmitter License | Ohio Department of Commerce Division of Financial Institutions | BlockFi Trading LLC | |
| OK | License of Authority | Oklahoma Office of the Administrator of Consumer Credit | 87760 | BlockFi Lending LLC |
| TN | Industrial Loan and Thrift Certificate of Registration | Tennessee Department of Financial Institutions | 4071 | BlockFi Lending LLC |
| TN | Money Transmitter License | Tennessee Department of Financial Institutions | 1873137 | BlockFi Trading LLC |
| WA | Money Transmitter License | State of Washington Department of Financial Institutions | 550-MT-121212 | BlockFi Trading LLC |
Non-U.S. Licenses
| Jurisdiction | License Type | Agency | Authorized Names |
|---|---|---|---|
| Bermuda | Class F Digital Business Assets License | Bermuda Monetary Authority | BlockFi 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.