Nexo will stop offering Earn Interest products to all US customers on April 1, 2023

ChainCatcher news, the crypto lending platform Nexo announced that it will stop providing Earn Interest Product services to all US customers, including US citizens and residents, on April 1, 2023. Nexo advises US customers to withdraw their funds before April 1.

ChainCatcher previously reported that the crypto lending platform Nexo Capital Inc. agreed to pay a $22.5 million fine and cease the issuance and sale of the unregistered lending product Earn (Earn Interest Product) to US investors, settling the charges brought by the US Securities and Exchange Commission (SEC). Nexo also agreed to pay an additional $22.5 million fine to settle similar charges brought by state regulators. (Source link)