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CDCROP: aerial photograph of city buildings in Cincinnati, Ohio (Jordan/Unsplash)

Ohio Joins $22.5M Multistate Settlement Against Crypto Lender Nexo

The North American Securities Administrators Association and the U.S. Securities Exchange Commission announced the settlement in January.

By Camomile Shumba

Feb 28, 2023 at 5:42 p.m. UTC

Feb 28, 2023

regulationsCryptoOhioNexoUS

CDCROP: Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

Crypto Lender Nexo to Stop EIP for US Clients on April 1

Last month Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of its Earned Interest Product.

By Parikshit Mishra

Feb 13, 2023 at 7:28 a.m. UTC

Feb 13, 2023

NexoCrypto LendingSECUS

CDCROP: Multicolor clouds sunset dark (Unsplash, Modified by CoinDesk)

Regulatory Clarity? Financial Watchdogs Could Not Be More Clear

If the past year of enforcement actions shows anything, it's that financial regulators are comfortable using existing rules to investigate and prosecute crime in crypto.

By Gareth Rhodes

Jan 27, 2023 at 3:12 p.m. UTC

Jan 27, 2023

OpinionRegulationSECPolicy Week 2023NexoUS

Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

Nexo began offering its Earn Interest Product to U.S. customers in June 2020.

By Stephen Alpher

Jan 19, 2023 at 10:27 p.m. UTC

Jan 19, 2023

NexoSEC

Crypto Lender Nexo Sues Cayman Island's Regulator for Denied VASP Registration

Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider.

By Camomile Shumba

Jan 17, 2023 at 3:15 p.m. UTC

Jan 17, 2023

regulationsCryptoNexoLawsuit

Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg

The firm has received bids from two digital-asset fund managers after talks with Nexo broke down, according to the report.

By Jamie Crawley

Jan 17, 2023 at 11:01 a.m. UTC

Jan 17, 2023

Vauldcrypto lenderSingaporeNexo

Nexo Probed in Bulgaria for Alleged Money Laundering, Tax Violations

Crypto lender Nexo is being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud. "The Hash" panel discusses the authorities' evidence that a Nexo user has been officially declared a terrorist financer.

By CoinDesk Inc

Jan 12, 2023 at 6:14 p.m. UTC

Jan 12, 2023