Nexo to Phase Out Service in US After Hitting 'Dead End' With Regulators

Jon Breyfogle

Digital Securities Lab Community Manager
Staff member
May 30, 2022
Findlay, Ohio
Crypto lender Nexo today announced it will gradually phase out U.S. products and services over the coming months due to hitting a “dead end” with regulators. The U.K. company said in a Monday announcement that it had been talking with regulators for 18 months but the U.S. “refuses to provide a path for enabling blockchain businesses.” Nexo is a digital asset platform that loans out client funds and uses the proceeds to pay interest.


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