Latest Nexo News

After the 2023 crackdown, Nexo reenters the US with a partner-led model. What is different, and what should users watch?

Nexo exited the US in 2022, citing regulatory hostility toward the crypto industry from federal and state financial regulators.

Nexo has made a return to the US as Donald Trump Jr. backs the crypto services platform, and new SEC leadership signals a friendlier regulatory stance.

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.”