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news-imageJanuary 16, 2023

Nexo Now Sues Cayman Islands Regulator Regarding Virtual Asset License

Key Points: Nexo, a cryptocurrency lending platform, is suing the Cayman Islands government for refusing the company a virtual asset license, according to The Block. Firstly, the Cayman court filing that the Cayman Islands Monetary Authority denied Nexo's application on December 20 because the firm's business model did not match the acceptable risk profile.
Publisher: Coincu
Sentiment: Negative
NEXO

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cover-imageBitcoin
September 5, 2024

Nexo Reopens UK Registrations With Enhanced User Protections

Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced user protections to comply with the Financial Conduct Authority (FCA) guidelines.

Positive
cover-imageBenzinga
May 7, 2024

Shiba Inu's Whale Transactions Spike 383% And New Account Creations Soar 15X On Nexo Listing Announcement

Shiba Inu (CRYPTO: SHIB) has experienced a surge in large transaction volume and new accounts following a network upgrade that has made Shibarium even faster. What Happened: Digital asset lender Nexo announced the listing of Shiba Inu on its platform, highlighting the coin's transition from a playful meme to a symbol of community empowerment.

Positive
cover-imageThe Currency Analytics
April 7, 2024

Shiba Inu Soars as Nexo Listing Fuels Adoption Frenzy

The announcement of Shiba Inu's listing on Nexo has sent ripples of excitement throughout the crypto community, with enthusiasts eagerly anticipating the potential impact on SHIB adoption and market dynamics. With this latest listing, SHIB holders gain seamless access to a plethora of functionalities on the Nexo platform, including buying, swapping, borrowing, and transferring SHIB tokens.

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