Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States.
The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents. Furthermore, Washington residents will also have access to the firm’s trading service. The trading platform was announced by the firm last week. At the time the firm also noted that it was pursuing licenses to offer the service as broadly as possible: