Cryptocurrency lending platform Nexo upgrades compliance measures and reopens registration for UK customers

ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).

This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.