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Kentucky Becomes 4th US State to Act Against Crypto Lender Celsius — CoinDesk

Kentucky Becomes 4th US State to Act Against Crypto Lender Celsius — CoinDesk

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The regulator takes problem with the startup’s language concerning curiosity earned on sure crypto accounts that Celsius dubs “rewards” or a “financing fee.” The regulator is alleging Celsius’ interest-bearing accounts violate state securities legislation and fail to disclose to clients what happens with their deposits, nor are the shoppers protected below state securities protections.

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