ZyCrypto
2023-01-17 20:30:58

Embattled Nexo Sues Cayman Islands Monetary Authority for Blocking Its VASP License

Nexo is suing Cayman Islands’ financial regulator for denying its registration as a virtual asset service provider in the territory. The Cayman Islands Monetary Authority declined Nexo’s VASP application dated December 20. Among the reasons cited by the authority is a need for more documentation on customer and enterprise risk assessment. CIMA is also faulting

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