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Tag: Nexo

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Nexo Hit With $500K California Fine Over ‘Unlawful’ Loan Practices
Nexo, a crypto lending platform, agreed to pay a $500,000 penalty after California regulators said it made thousands of loans without the proper state license.

According to the California Department of Financial Protection and Innovation, the actions involved loans backed… Read full article
1d ago
Bitcoinist.com
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California Regulator Fines Nexo $500,000 Over Unlicensed, High-Risk Crypto Loans
Crypto lending firm Nexo has agreed to pay a $500,000 penalty to California regulators following allegations that it issued thousands of…Continue reading on The Capital » Read full article
2d ago
Medium.com
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California Regulator Fines Nexo $500,000 Over Unlicensed, High-Risk Crypto Loans
Crypto lending firm Nexo has agreed to pay a $500,000 penalty to California regulators following allegations that it issued thousands of…Continue reading on The Capital » Read full article
2d ago
Medium.com
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Nexo Named Official Digital Asset Partner of Audi Revolut F1 Team
Crypto wealth platform Nexo signs a multi‑year partnership as the inaugural official digital asset partner of Audi Revolut F1 Team. Nexo becomes the Audi Revolut F1 Team’s inaugural official digital asset partner in a multi‑year agreement announced in Hinwil on… Read full article
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Nexo Slapped with $500K Fine for Risky Crypto Loans
 The Californian regulators imposed a fine of 500 thousand dollars on Nexo Capital, which offered loans backed by crypto without a clear evaluation of the borrowers. The company will be required to transfer the funds to a licensed affiliate.
The… Read full article
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Nexo to pay $500K fine to California regulator over ‘risky loans’
California’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay. Read full article
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