Cryptocurrency lender Nexo has been hit by enforcement action from eight states

Securities regulators in California and several other states took action against the Nexo Group, the parent company of crypto lender Nexo, on Monday, calling the company’s interest-earning product an unregistered security. The California Department of Financial Protection and Innovation (DFPI) said in press release. The DFPI statement notes that Nexo’s interest rates of up to … Read more