Express

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

Last Update:

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

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 6 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago

    • You need to login to comment.