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news-imageSeptember 27, 2022

California's Financial Regulator Probes Nexo Over Crypto Interest Accounts Services

The California Department of Financial Protection and Innovation (DFPI) announced on Monday that it is joining forces with seven unmentioned state securities regulatory bodies to take action against the popular crypto lender Nexo over matters concerning its crypto interest accounts services. DFPI Probes Crypto Lender Nexo The regulatory agency argues that the crypto lender has fallen short of the state's financial guideline on securities registration, where it termed Nexo's “Earn Interest Product accounts” service as security.
Publisher: Coinfomania
Sentiment: Neutral
NEXO

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