<div>
  <ul>
    <li>
      <p>
        Nexo, a cryptocurrency lending platform, has been charged a total of USD 45 million by the SEC and other state regulators (USD 22.5 million each) for not registering the sale of its &ldquo;Earn Interest Product.&rdquo;&nbsp;
      </p>
    </li>
    <li>
      <p>
        In the settlement agreement, the SEC recognized that Nexo had taken steps to address the issue, such as voluntarily suspending access to its EIP in 8 states, ceasing to sign up new US customers, and off-boarding clients in 2 other states.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Notably, the company is also facing regulatory challenges in Bulgaria, where authorities are reportedly investigating the company for money laundering, tax offenses, and operating a bank without a license. and computer fraud.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.coindesk.com/policy/2023/01/19/crypto-lender-nexo-to-pay-45m-cease-offering-eip-in-settlement-with-sec/?utm_medium=referral&utm_source=rss&utm_campaign=headlines">
      Coindesk
    </a>
  </p>
</div>


All Updates

Nexo fined USD 45 Million for failure to register crypto product

Nexo ceases operations in the US after regulatory setbacks

Nexo acquires stake in Summit National Bank