Nexo acquires stake in Summit National Bank to expand US offering
Nexo, a digital asset lending platform, announced that it has acquired a stake in Summit National Bank. The post Nexo acquires stake in Summit National Bank to expand US offering…
Multiple State Financial Regulators Allege Crypto Loan Platform Nexo Violates Securities Laws
Cryptocurrency lender Nexo is facing regulatory actions in eight US states for allegedly offering an investment product that violates securities laws. State regulators in California, New York, Washington, Kentucky, Vermont,…
Digital Asset Firm Nexo Acquires Stake in Chartered Bank – Summit National Bank
Nexo, a digital asset firm that describes itself as the “world’s leading regulated institution for digital assets,” has acquired an ownership stake in Hulett Bancorp (DBA Mode Eleven), the parent…
NY AG Joins 7 Other States to Sue Digital Asset Platform Nexo
New York Attorney General Letitia James has sued Nexo, a large digital asset platform. James is joining 7 other states in pursuing the crypto firm.
Expanding Crypto Lender Nexo Secures U.S. Banking Charter
A day after being sued by eight state attorneys general who claim it violated securities laws, crypto lender Nexo unveiled that it has purchased a stake in federally regulated Summit…
Nexo Says It Doesn’t Offer High Interest Rates
The firm has countered regulators who say that it failed to inform its customers of risk.
U.S. State Regulators Charge Nexo Group For Not Registering Product
Eight U.S. state regulators have charged cryptocurrency lender Nexo Group, saying it has failed to register its Earn Interest Product, a Reuters report said. It comes with authorities cracking down…
U.S. States Take Legal Actions Against Crypto Lender Nexo for Alleged Unlawful Operations
Several U.S. states, including California, New York, and South Carolina, could take legal action against Nexo, a cryptocurrency lender platform.
California Regulators Order Nexo to Stop Crypto Interest Accounts
Although Nexo had to officially halt the service, the watchdog claims there were loopholes.
U.S. States File Lawsuits Against Crypto Lender Nexo for Supposedly Illegal Activities
Due to a breach of California Corporations Code section 25110, the state of California, acting through the Department of Financial Protection and Innovation (DFPI), issued an urgent halt action against…
