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California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

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California, New York Join Multiple States Ordering Crypto Lender Nexo To Stop Income Product | Coinparative






















States — including Washington, Maryland, Kentucky, Oklahoma, South Carolina and Vermont — filed individual lawsuits targeting certain income-generating accounts at Nexo. The lender advertises the accounts as “high yield,” and California noted that the company offered annual interest rates of up to 36 percent.

Read the full article on Coin Desk





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