Crypto Lender Nexo Pays $45 Million In Fines To SEC

IndustryTrends

Nexo Capital Inc., a digital asset provider, will pay $45 million in fines to US federal and state regulators

Nexo's Earn Interest Product constituted security that should have been registered with the agency.

 It will pay its penalties over charges that it violated securities laws by marketing a crypto loan product.

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