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Nexo Slapped with $500K Fine for Risky Crypto Loans
The Californian regulators imposed a fine of 500 thousand dollars on Nexo Capital, which offered loans backed by crypto without a clear evaluation of the borrowers. The company will be required to transfer the funds to a licensed affiliate. The California regulators fined Nexo Capital Inc. to the tune of 500,000 dollars. The site contravened...
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