Nexo Being Investigated by Authorities in Bulgaria

According to Coindesk, crypto lender Nexo is being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud.

A statement issued by the Bulgarian authorities said that evidence has been collected that a person who used the platform and transferred cryptocurrencies has been officially declared a terrorist financing person.

A Nexo spokesperson said that Nexo has an office in Bulgaria and it is not customer facing, but only has back office functions – payroll, customer support, compliance. We are one of the most stringent entities with regards to KYC/AML.

Source

Lending

Policy and Regulation

In This Article

Related News
Hong Kong Gave Initial Approvals for Spot Bitcoin And Ethereum ETFs Hong Kong Gave Initial Approvals for Spot Bitcoin And Ethereum ETFs
HK SEC Expedited the Approval Process for Spot Bitcoin ETF in Hong Kong HK SEC Expedited the Approval Process for Spot Bitcoin ETF in Hong Kong
Europe Could Require DeFi Application to Obtain a License Under Upcoming New Rule Europe Could Require DeFi Application to Obtain a License Under Upcoming New Rule
The U.S. DOJ Charges Against KuCoin and its Founders The U.S. DOJ Charges Against KuCoin and its Founders
London Stock Exchange to Launch Crypto ENT in May London Stock Exchange to Launch Crypto ENT in May
Latest News More More
Lido Finance Implemented Simple Distributed Validator Technology (DVT)
Real Opportunity for Runes only Comes After the Initial Hype
Worldcoin Announced "Human Centric" Blockchain World Chain
18 Hours Ago Runes Protocol Sets to Launch at the same time as Bitcoin Halving
19 Hours Ago EigenLayer Removes Caps on All $ETH LST and Unpauses Restaking Deposits
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open