Centralized cryptocurrency lending platform Nexo announces resumption of registration for UK customers

Odaily News Centralized cryptocurrency lending platform Nexo announced that it has resumed accepting registrations from UK customers. The company has worked with Gateway 21, a financial promotion approval agency authorized by the FCA, to make a series of upgrades to the platform to meet the compliance requirements of the UK Financial Conduct Authority (FCA). New measures include a cooling-off period, dedicated risk warnings, and investor classification questionnaires. Nexo Chief Product Officer Elitsa Taskova said the company is committed to providing better services and educational resources to UK customers. Previously, Nexo suspended UK customer registrations at the end of 2023 in response to the FCA's new crypto asset financial promotion regulations. The regulations will take effect on October 8, 2023 and aim to improve the transparency and accuracy of crypto product marketing. (The Block)