United States of America: Issued SEC and NASAA ruling in investigation into Nexo Capital regarding registartion requirement for crypto asset lending
Description
Issued SEC and NASAA ruling in investigation into Nexo Capital regarding registartion requirement for crypto asset lending
On 19 January 2022, the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) jointly announced that they had reached a USD 45 million settlement with Nexo Capital Inc. (Nexo) for offering an u…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body