NEW: Crypto lender Nexo said it plans to stop offering services in the U.S. in the coming months, saying ongoing talks with state and federal regulators had hit a 'dead end.' nikhileshde reports
Crypto lender Nexo announced Monday it would stop offering products and services in the U.S. in the coming months, would immediately halt access to its Earn Interest Product in eight states, and is no longer signing up any new U.S. customers to the Earn product.
Nexo had already off-boarded Earn clients in New York and Vermont at those states' regulators' insistence,. It will now suspend access in Indiana, Kentucky, Maryland, Oklahoma, South Carolina, Wisconsin, California and Washington. Residents of these states can continue using Nexo's other services.
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