Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in Dubai

Nexo Secures Preliminary VARA Approval to Launch Crypto Lending and Brokerage Services in DubaiOn Tuesday, Nexo announced its Dubai entity, Nexo DWTC, had secured preliminary approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to engage in virtual asset lending, borrowing, and broker-dealer activities within the UAE’s most populous city. Nexo Gains Initial VARA Approval for Dubai Crypto Operations The crypto lender Nexo received a provisional “Initial Approval [IA]” […]

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Nexo Partners With Sift for Enhanced Digital Asset Fraud Protection

Nexo Partners With Sift for Enhanced Digital Asset Fraud ProtectionThe digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which exceeds six million globally. Nexo to Leverage Sift’s Fraud Protection Services By integrating Sift‘s payment protection and account […]

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Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto IndustryDuring the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold […]

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Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the […]

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2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week

2023’s Crypto Gainers: Decentraland's MANA Token Outperforms Bitcoin With 88% Increase in One WeekThe cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a […]

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