• Money Matters

  Celsius Network will not pay interest on new crypto accounts…

  Posted by bookauthor on April 12, 2022 at 8:48 pm

  Following BlockFi, Celsius Network will not pay interest on new crypto accounts unless you are rich.

  https://www.theblockcrypto.com/linked/141642/crypto-lender-celsius-to-stop-paying-interest-on-new-deposits-from-us-starting-on-friday

  Regulators say that by offering interest accounts that resemble bank accounts but without the FDIC insurance required of banks, crypto interest accounts are actually securities. Lenders like Celsius respond by pointing to the minuscule returns offered by the average US savings account as a problem they have managed to solve.

  bookauthor replied 2 years ago 1 Member · 0 Replies
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