Nexo

A week after Nexo’s office in Bulgaria was raided, the crypto lender reached a settlement with the U.S. Securities and Exchange Commission (SEC) paying a total of $45 million in fines. The SEC has charged Nexo for the unregistered offering of its crypto lending product, the Earn Interest Product (EIP), to the U.S. investors. For The post Crypto Lender Nexo Agrees to Pay $45 Million in Fine to SEC appeared first on CoinGape.

In response to charges that the digital asset company, Nexo Capital Inc., had violated securities regulations by marketing a cryptocurrency lending product, the firm has agreed to pay a penalty of $45 million to U.S. SEC. However, a former SEC official has raised doubts about Nexo’s self-proclaimed “win” in the crypto market when the financial The post Former SEC Chief Lashes Out On Nexo’s $45 Mn Deal With SEC appeared first on CoinGape.

The SEC charged Nexo on Thursday with failing to register its Earn Interest Product retail crypto asset lending product. Nexo agreed to pay a $45 million penalty to satisfy the charges brought against the company. Nexo has agreed to pay the SEC $22.5 million in fines, as well as state authorities $22.5 million in fines. […] The post Nexo Settles With SEC for $45 Million appeared first on Latest Crypto News. Nexo Settles With SEC for $45 Million was first posted on January 20, 2023 at 4:44 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at info@kryptomoney.com