- Nexo introduced it might give up the USA market within the coming months
- The corporate is shutting down operations after failed talks with the US regulators
The yr continues to be a troubled one for crypto lending platforms. Nexo – a UK-based crypto lender – is the newest one to hit the headlines. The corporate introduced in the present day that it is going to be bringing an finish to its providers in the USA over the approaching months. The corporate cited the explanation as failed talks with the USA regulatory our bodies. In a press launch, it said,
“Our resolution comes after greater than 18 months of good-faith dialogue with US state and federal regulators which has come to a useless finish (…) Nexo has engaged in vital ongoing efforts to supply requested info and to proactively modify its enterprise in response to their considerations.”
The story remains to be creating.
