Nexo Capital Inc. has agreed to a $240,000 settlement with the Minnesota Department of Commerce related to the sale of certain crypto asset lending products, the department said Wednesday.
Oregon to receive over $420,000 from Nexo Securities crypto asset lending products settlement ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
Cryptocurrency exchange activity for Idahoans has increased in the past year, based on reporting received from the Idaho Department of Finance’s licensed money services businesses. Across the country, involvement in crypto-assets rose sharply during the COVID-19 pandemic. As of mid-2022, almost 15% of individuals had conducted transfers into crypto accounts, according to data from JPMorgan .
The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.
As regulators start to crack down on cryptocurrency, spooked investors are pulling back significantly amid a backdrop of great uncertainty. Until recently, regulators had not interfered much in [.]