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Crypto Lending Firms in Kentucky Hit With Cease‑Trade Orders
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Crypto Lending Firms in Kentucky Hit With Cease‑Trade Orders
The Division of Securities in Kentucky, a department that most outsiders would find difficult to identify, took a step in the fall of 2021 that would later appear to be subtly prophetic. It issued an emergency cease and desist order against Celsius Network, a New York-based cryptocurrency lending company that had been providing Kentucky residents with interest-bearing accounts on their cryptocurrency deposits, occasionally guaranteeing annual yi…
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