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Crypto Lender Nexo Capital to Halt Earn Interest Products After Settlement With SEC

Tris Bell

Summary: Crypto lender Nexo Capital is set to terminate its Earn Interest Products, according to reports by Cointelegraph. Nexo’s Earn product allows users to earn compounding yields on cryptocurrencies by loaning them to Nexo.  The move comes a month after it paid $45 million in penalties to U.S. regulators for failing to register its Earn Interest ...

Crypto lender Nexo Capital is set to terminate its Earn Interest Products, according to reports by Cointelegraph.

Nexo’s Earn product allows users to earn compounding yields on cryptocurrencies by loaning them to Nexo. 

The move comes a month after it paid $45 million in penalties to U.S. regulators for failing to register its Earn Interest Products.

Users will continue to earn interest payments until April 1, according to Nexo.

Other Nexo products remain unaffected.

Author: Tris Bell

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