Digital Asset Firm Nexo Strengthens Security and Transparency with CSA STAR Level 1 Certification

Nexo, the institution for digital assets, is advancing in cloud infrastructure security with the attainment of the Cloud Security Alliance's Security, Trust & Assurance Registry (STAR) Level 1 Certification.

Timeline of Nexo

Nexo, a prominent institution in the digital assets realm, has unveiled a groundbreaking Dual Mode capability for its signature Nexo Card. This feature, a first of its kind, offers both debit and credit functionalities.

Nexo, a Bulgaria-based decentralized lending platform, has unveiled a Mastercard offering both debit and credit functionalities exclusively for European Economic Area (EEA) residents. This marks a significant step in financial innovation, aiming to provide a seamless experience for managing digital assets.

As the Web3 ecosystem faces increased regulatory scrutiny, cryptocurrency lending platform Nexo is taking proactive steps to enhance its compliance measures. The platform has decided to leverage training resources, connections, and data by becoming a member of the Association of Certified Sanctions Specialists (ACSS).

Amid growing regulatory scrutiny over the cryptocurrency sector, a regulated cryptocurrency institution offering instant crypto loans, daily earnings, and a crypto exchange, Nexo (NEXO), has joined the Association of Certified Sanctions Specialists (ACSS) in a bid to show commitment to regulatory compliance.

In a significant move, Nexo, the world's top institution for digital assets, has joined the avant-garde of companies joining the Association of Certified Sanctions Specialists (ACSS), demonstrating a steadfast dedication to international regulatory compliance. Nexo wants to boost the team's competencies by utilising ACSS's vast databases, meticulous training materials, and extensive connections.

Nexo, a prominent digital assets institution, has achieved a significant milestone by successfully completing an independent Type 2 SOC 2 audit. This accomplishment underscores Nexo's dedication to maintaining robust client data security and delivering a secure experience for its rapidly expanding international clientele.

The fallout from the U.S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities.

Troubled crypto lender Nexo has taken steps to dismantle two of its subsidiaries in the UK. Bloomberg reports cryptocurrency lender Nexo is closing two of its units in the United Kingdom as it faces legal troubles in Bulgaria for its alleged involvement in illegal activities.

In a surprising move, Nexo, the leading cryptocurrency lending platform, announced the dissolution of its UK-based entities as part of a comprehensive company restructuring. This decision comes at a time when Nexo is cementing its position in the rapidly evolving decentralized finance (DeFi) market.

Nexo, the London-based cryptocurrency lender, has decided to dissolve two of its UK entities due to legal uncertainty prevailing in other parts of Europe. Recent filings reveal that Nexo Financial Services Ltd.