Due to new regulatory restrictions, US-based BlockFi clients with funded BIAs before February 15, 2022 can maintain the assets in their BIA, but they can no longer add assets to their account. Assets that remain in the BIA will continue to accrue crypto interest daily with interest payments made monthly.
Non-US clients can add assets to BIA by transferring assets from the Wallet.
The BlockFi Wallet is your new default account to receive assets. Within the wallet, you can buy, sell, borrow and store assets.
We are actively engaging with US regulators at both the federal and state level as we work to fight for you and your right to have a suite of products and services to grow your crypto wealth - including earning interest on cryptoassets.
Cryptocurrencies are in the process of becoming a part of mainstream finance, and we are grateful early crypto adopters, like you, have remained excited with us during these pioneering times. Thank you for your loyalty and we will continue rolling out products and services that help you grow your wealth.
The BIAs have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States, to U.S. persons, for the account or benefit of a U.S. person or in any jurisdiction in which such offer would be prohibited.