Kentucky Turns into 4th US State to Act In opposition to Crypto Lender Celsius — CoinDesk

The regulator takes concern with the startup’s language concerning curiosity earned on sure crypto accounts that Celsius dubs “rewards” or a “financing charge.” The regulator is alleging Celsius’ interest-bearing accounts violate state securities legislation and fail to confide in prospects what happens with their deposits, nor are the purchasers protected underneath state securities protections.

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