Amidst the regulatory difficulties in the US, crypto lender Nexo has suspended operations in the US according to a release on Monday.

According to Nexo, the decision to suspend operations in the US came after several months of good-faith dialogue with the US state and federal financial regulators.

Even though the financial watchdogs have been changing positions and are inconsistent, Nexo has “engaged in significant ongoing efforts to proactively modify its business in response to their concerns.”


Source: https://mycryptoparadise.com/lending-firm-nexo-to-leave-us-cites-lack-of-clear-regulation/