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Nexo Pays $45 Million for Failing to Register Earn Interest Product

Tris Bell

Summary: Crypto lender Nexo is paying $45 million worth of fines for failing to register its Earn Interest Product, according to reports by CoinDeks. Nexo also faces regulatory issues in Brazil, where local authorities are investigating the company for money laundering, tax offenses, banking without a license and computer fraud. Author: Tris Bell

Crypto lender Nexo is paying $45 million worth of fines for failing to register its Earn Interest Product, according to reports by CoinDeks.

Nexo also faces regulatory issues in Brazil, where local authorities are investigating the company for money laundering, tax offenses, banking without a license and computer fraud.

Author: Tris Bell

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Link: Nexo Pays $45 Million for Failing to Register Earn Interest Product   [Copy]
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