Nexo launches crypto Mastercard for EEA citizens
The card is only available to citizens of the 30-country European Economic Area.
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Nexo shutters US Earn product a month after settling with regulators
The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.
Nexo sues Cayman Islands financial regulator over VASP license
The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators' enforcement actions in its decision to deny registration.
Nexo investigation is not political, says Bulgarian prosecutors
A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations.
Bulgarian authorities charge four individuals following raid on Nexo office: Report
Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.
Nexo offices reportedly raided by police in Bulgaria
The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.
NEXO risks 50% drop due to regulatory pressure and investor concerns
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify.
Nexo acquires stake in US chartered bank
By acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States.
California files order against Nexo interest account, says it’s 8th state to take action
The state Department of Financial Protection & Innovation says the crypto-interest account is an unqualified security; Nexo has limited the accounts since the BlockFi settlement with the SEC.