【California Revokes Loan License of Bankrupt Crypto Lending Platform BlockFi】Golden Finance reports that the California Department of Financial Protection and Innovation (DFPI) has permanently revoked the loan license of the bankrupt cryptocurrency lending platform BlockFi. This decision was made two years after BlockFi filed for bankruptcy. DFPI suspended BlockFi's license in November 2022 and subsequently conducted a comprehensive review of the company. BlockFi has agreed to accept the license revocation and has committed to cease violations and unsafe business practices. DFPI initially imposed a $175,000 fine on BlockFi, but considering that the company is bankrupt and no longer operating, it decided to waive the fine in order to prioritize consumer protection.