Crypto lender Nexo announces its departure from the US due to disagreements with regulators
The company reported it had been negotiating with state and federal agencies to no avail for 18 months
06.12.2022 - 07:45
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LONDON, Dec 5 (Reuters) - UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due to clashes with regulators.
“Our decision comes after more than 18 months of good-faith dialogue with US state and federal regulators which has come to a dead end,” Nexo said in a blog post on Monday. (Reporting by Elizabeth Howcroft; editing by Tom Wilson)
This material is taken from the website reuters.com.
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