Crypto Lender NEXO Faces Cease-and-Desist Order From California

All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California. 
The desist-and-refrain order which was filed by California’s Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold “unqualified securities” through the program in violation of California’s Çooperation Code. …
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