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Reuters
UPDATE 2-Eight U.S. state regulators charge Nexo for failure to register interest account
Eight U.S. state regulators on Monday charged cryptocurrency lender Nexo Group for allegedly failing to register its Earn Interest Product, as authorities crackdown on digital asset platforms rocked by a crypto winter in recent months. “Nexo violated the law and investors’ trust by falsely claiming it is a licensed and registered platform,” New York Attorney General Letitia James said, adding she had sued the company and was seeking “disgorgement of any revenues derived from Nexo’s unlawful conduct”. Since then, digital asset platforms have been seeking more clarity on the rules governing such products, saying current regulations remain unclear.
