Bitcoin Lender Celsius Denies Receiving Cease and Desist From New York AG

[Tamsialu$$]

But New York does want more information on Celsius' operations. Celsius has denied receiving a cease-and-desist letter from New York State Attorney General Letitia James, a day after James directed two unnamed crypto lenders to stop operating in the Empire State within 10 days and requested three more to provide information by November 1.

"Celsius has received a request for information (and not a cease and desist) from NY authorities," it wrote via its Medium blog today. In a press release yesterday, the New York Attorney General's Office took aim at crypto companies that have not registered securities offerings under New York's Martin Act. The press release was accompanied by two cease-and-desist letters with identifying information about the companies redacted. However, the NYAG had named the files "Nexo Letter" and "Celsius Letter," strongly suggesting that these were the two crypto lenders being asked to shut down.

Celsius competitor Nexo yesterday confirmed receiving the order but called it a "mix up."

“Nexo is not offering its Earn Product and Exchange in New York, so it makes little sense to be receiving a cease and desist order for something we are not offering in New York anyway,” a spokesperson said. It vowed to "engage with the NY AG and seek clarity."more