California, New York Join 6 States Ordering Nexo to Halt Yield Product

California, new york join 6 states ordering nexo to halt yield product

CoinDesk published this video item, entitled “California, New York Join 6 States Ordering Nexo to Halt Yield Product” – below is their description.

California, New York and six other states are suing cryptocurrency lending platform Nexo for allegedly offering unregistered securities in the form of accounts that pay interest for cryptocurrency deposits, the states said in statements on Monday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the developments.

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CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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