The Bulgarian Prosecutor’s Office Clears Crypto Lender Nexo!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 23, 2023 10:59

The Bulgarian authorities have closed their investigation into crypto lender Nexo for alleged money laundering offenses, finding no evidence of criminal activity. The company, which allows users to earn interest on their digital assets, had faced scrutiny over suspicious transactions. Nexo has welcomed the decision, reiterating its commitment to compliance and regulatory standards. The news is a positive development for the crypto industry, highlighting the importance of compliance and regulatory standards.