Latest Nexo News

Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations.

The crypto lending platform took the 10-month pause to realign its onboarding process with the FCA's guidelines oriented towards investor protection.

The rewards will be active until July 7 and incentivize users to trade, earn, deposit and borrow on the platform.

Nexo and over 35 crypto organizations are petitioning to secure a Bitcoin emoji, garnering worldwide support and aiming for 50,000 endorsements.

The company must now navigate through the subsequent phases — obtaining a preparatory license followed by the final operating license — to fully offer its crypto services to regional clients.

Nexo alleges the company suffered reputational damage while its shareholders lost significant value due to the abandoned criminal investigation.

Authorities said they found no evidence Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev committed money laundering, tax crimes, or computer fraud.

The card is only available to citizens of the 30-country European Economic Area.

Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.

The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with United States regulators.

The crypto lender didn’t admit or deny the findings from the SEC’s investigation despite agreeing to the settlement.

The company claims that the negotiations with potential crisis managers entered the “advanced stage.”

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration.

A spokesperson for Bulgaria’s chief prosecutors has denied claims that the investigation was prompted by the company’s political donations.