Nexo Crypto Lending Platform It will stop providing “Earn Interest” products for all US customers. This includes citizens and residents on April 1.
“We urge you to start planning your withdrawals in time,” the company said in a statement.blog postIt added that other Nexo services would not be affected. Customers with outstanding credit will receive “Sufficient time and notice” to repay the loan and withdraw the collateral assets.
Nexo previously agreed to pay a $45 million fine after being charged by the SEC for failing to register offers and sales of crypto asset lending products to retail investors. which debuted in the United States in 2020.
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