Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’

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Nexo announces gradual exit from the United States

Nexo, a leading crypto lender based in the UK, has announced a phased exit from the United States. The latest Nexo news comes just a few months after the company revealed a stake in a US-based bank as it sought to bolster its presence in the country.

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Nexo halts operations in the United States

Nexo, a crypto savings and lending provider, has decided to end operations in the United States over the next few months. This decision follows over a year of negotiations with US federal and state agencies that have reached a dead…

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Crypto lender Nexo will exit United States as it meets dead end

Nexo announced it would quit the United States market in the coming months The company is shutting down operations after failed talks with the US regulators The year continues to be a troublThe post Crypto lender Nexo will exit United States as it meets dead end appeared first on AMBCrypto.

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Nexo bows out of US on regulatory uncertainty

Crypto lender Nexo announced on December 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. The post Nexo bows out of US on regulatory uncertainty appeared first on CryptoSlate.

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Nexo to Depart US After Regulator Discussions Hit 'Dead End'

Crypto lender Nexo announced Monday it would stop offering services to U.S. customers over the next several months, and would immediately suspend Earn access in eight states.

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CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom

The biggest news in the cryptoverse for November 29 includes exchanges dismissing rumors of insolvency, NEXO releasing proof of reserves, Andre Cronje revealing how DeFi helped Fantom grow its reserve, United States politician Beto O’Rourke returning a $1 million donation to Sam Bankman-Fried, and ETH erasing 80% of deflationary gains post-FTX collapse.

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NEXO risks 50% drop due to regulatory pressure and investor concerns

Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.

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Crypto-lender Nexo faces charges from eight U.S states

Switzerland-based crypto-lender Nexo is facing simultaneous enforcement action from eight different U.S states over varying allegations. Actions include cease and desist orders, administrative measureThe post Crypto-lender Nexo faces charges from eight U.S states appeared first on AMBCrypto.

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Nexo acquires stake in US chartered bank

By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States.

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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 DFPI issues a Desist The state of California, through the Department of Financial Protection and Innovation (DFPI), gave an…

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Nexo Hit With Cease and Desist Orders From Eight U.S. States

Multiple U.S. state regulators have issued cease and desist orders against the crypto lending platform Nexo. C&D Issued Against Nexo Eight U.S. states are taking legal action against Nexo for...

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New York, California among US states to bring enforcement actions against Nexo

Regulators across multiple US states have announced enforcement actions against crypto lender Nexo, with… The post New York, California among US states to bring enforcement actions against Nexo appeared first on CoinJournal.

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New York's AG hits Nexo, four others with more regulatory action

The United States of America's federal system, which splits power between the national and state governments, is both a boon and a bane for the crypto-industry. While crypto-mining might be booming inThe post New York's AG hits Nexo, four others with more regulatory action appeared first on AMBCrypto.

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Nexo Offers to Buy Out SALT

Rumors are swirling after an offer to buy out the first platform for decentralized lending. Nexo, a European-based company for cryptocurrency-collateralized lending, has sent a “letter of intent” to buy out SALT Lending, a similar service in New Zealand, the United Kingdom and several states.

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