Latest News

Coinspeaker California Joins New York and Others to Sue Nexo Over Unregistered Earn Interest Product Account

Nexo revealed that it stopped onboarding new United States clients to its Earn Interest Product in February 2022 after financial regulators in eight states initiated legal actions against it. The post California issues cease, refrain order to Nexo over offering clients an Earn Interest Product appeared first on CryptoSlate.

Due to a breach of California Corporations Code section 25110, the state of California, acting through the Department of Financial Protection and Innovation (DFPI), issued an urgent halt action against Nexo on September 26th, 2022. A snapshot taken on July 31st, 2022, showed that the crypto lender had more than 18,000 ambitious Californians who had

Although Nexo had to officially halt the service, the watchdog claims there were loopholes.

Several U.S. states, including California, New York, and South Carolina, could take legal action against Nexo, a cryptocurrency lender platform.

Eight U.S. state regulators have charged cryptocurrency lender Nexo Group, saying it has failed to register its Earn Interest Product, a Reuters report said. It comes with authorities cracking down on digital asset platforms which have been dealing with a crypto winter.

The company's Earn Interest Product is considered an unregistered security by authorities who want it stopped.

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo's Earn Interest Product (EIP) may be in violation of securities laws.

The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. The post California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues appeared first on BeInCrypto.

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.

New York Attorney General Letitia James's lawsuit says Nexo is "falsely representing" that it complies with the state's securities regulations.

The state's Department of Financial Protection and Innovation alleges the crypto company's interest accounts are unqualified securities

Cryptocurrency lender Nexo Group has been sued by authorities in New York and California for allegedly failing to register its Earn Interest Product, as U.S. regulators crackdown on digital asset platforms rocked by a crypto winter in recent months.

Eight states announced a cease and desist order against the crypto lending platform Nexo.

Seven states have ordered a halt to Nexo's “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

California's Department of Financial Protection and Innovation issued a cease and desist against crypto lender Nexo Monday over its crypto interest-bearing accounts. The post California issues cease-and-desist against crypto lender Nexo appeared first on The Block.

Crisis = Opportunity. At least that's how the famous Chinese saying goes.

The crypto market has had a bearish run for the past 4 months and has been the reason behind many projects shutting their operations.

The cryptocurrencies are in a sideways move as the altcoins fail to break their overhead resistance levels.

When it comes to investing, looking for the best crypto to buy right now Reddit can be a solid strategy. Throughout this guide, we'll take a look at eight of the best crypto to buy right now Reddit and provide a guide detailing how to purchase our top choice.

In the latest cryptocurrency news surrounding Nexo, the platform has now released Nexo Pro for traders. This is the latest move in a succession of forward steps for the Nexo team, who recently offered to buy-out Celsius, an insolvent competitor lender.

Crypto is down ahead of The Merge.

Nexo (NEXO) coin has maintained its bullish rally and is currently trading well above the $1.10 mark.

The crypto market is rising despite a down session for stocks.