Crypto Lender Nexo to Leave U.S. as Negotiations Hit ‘Dead End’

0
4
By Rob Lenihan Nexo says the US ‘refuses to provide a path forward for enabling blockchain businesses.’ Nexo has hit the wall. The crypto lender, which was founded in Switzerland in 2018, said on Dec. 5 that it would be phasing out its products and services in the U.S. after negotiations with regulators came to “a dead end.” “Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States in a gradual and orderly fashion over the coming months,” the company said on Dec. 5. “Our decision comes after more than 18 months …