The Ohio Division of Securities in the United States has agreed to a settlement with the lending platform Nexo

ChainCatcher news, the Ohio Department of Securities has agreed to a settlement with the lending platform Nexo. Nexo has agreed to pay $22.5 million to resolve allegations from Ohio and other states in the U.S., the District of Columbia, Puerto Rico, and the U.S. Virgin Islands for failing to comply with state securities registration requirements (paying $424,528.30 to each jurisdiction).

It is reported that Nexo had previously agreed to pay a $22.5 million fine on January 19 and ceased issuing and selling unregistered lending products Earn to U.S. investors on April 1, concluding the SEC's allegations against it. (Source link)