U.S. States Pursue Shady Crypto Lenders, as California’s DFPI Hits Nexo with Desist and Refrain Action
Posted on 09/26/2022
California’s Department of Financial Protection and Innovation (DFPI) filed a desist and refrain action against Nexo, a cryptocurrency exchange platform. Nexo has offered annual interest rates of up to 36% on investors’ deposited crypto assets, DFPI said in the order. California’s Department of Financial Protection and Innovation accuses Nexo for allegedly offering interest accounts to…
