Crypto Lender Nexo Hit With Enforcement Actions From Eight States
New York Attorney General Letitia James’s lawsuit says Nexo is “falsely representing” that it complies with the state’s securities regulations.
Nexo
New York Attorney General Letitia James’s lawsuit says Nexo is “falsely representing” that it complies with the state’s securities regulations.
The state Department of Financial Protection & Innovation says the crypto-interest account is an unqualified security; Nexo has limited the accounts since the BlockFi settlement with the SEC.
The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. The post California Hits Nexo With Cease…
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that…
The company’s Earn Interest Product is considered an unregistered security by authorities who want it stopped.
Crisis = Opportunity. At least that’s how the famous Chinese saying goes.
In the latest cryptocurrency news surrounding Nexo, the platform has now released Nexo Pro for traders. This is the latest move in a succession of forward steps for the Nexo…
Crypto is down ahead of The Merge.
Nexo (NEXO) coin has maintained its bullish rally and is currently trading well above the $1.10 mark.
The phrase “crypto lending” has taken on somewhat of a dirty meaning this year. The collapse of Terra in May sparked a wave of contagion which spread across the industry.…