Nexo – a popular cryptocurrency lending platform – is dissolving two business units based in the United Kingdom while it deals with regulatory issues in other parts of Europe and North America.

Source: https://biztoc.com/x/cdf0cdb2eb39f2d5?ref=ff

Nexo’s agreement to enter a settlement with the ASD comes after Nexo announced that it would phase out its products and services in the U.S. before April 1, 2023.

Source: https://talkbusiness.net/2023/02/arkansas-to-receive-424000-in-cryptocurrency-settlement/?utm_source=rss&utm_medium=rss&utm_campaign=arkansas-to-receive-424000-in-cryptocurrency-settlement

The announcement comes after Nexo said in December it would phase out its U.S. products and services over the coming months due to clashes with regulators.

Source: https://www.channelnewsasia.com/business/bulgaria-launches-probe-crypto-lender-nexo-raids-sites-3201426?cid=cna_flip_070214