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Nexo Financial announces exit of US market
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Emerging Technology, Government Oversight
Friday, December 9, 2022
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U.K.-based crypto lender Nexo Financial has announced plans to leave the U.S. market in coming months. The company pointed to 18 months of talks with regulators that only resulted in “dead ends” as the reason for this decision. This announcement came less than a week after it was confirmed the Consumer Financial Protection Bureau was engaged in a probe into some of Nexo’s products.
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