Nexo spant rechtszaak aan tegen Kaaimaneilanden: details

• Nexo heeft een rechtszaak aangespannen tegen de Kaaimaneilanden Monetaire Autoriteit (CIMA) over haar registratie als VASP in de regio.
• The crypto lender stated that it was “suitable” to offer crypto services to citizens of the island nation.
• CIMA claims that Nexo had not disclosed “certain legal and regulatory matters as noted in the news media.”
• Onlangs werd het bedrijf overvallen door de Bulgaarse autoriteiten en werden vier mensen aangeklaagd op beschuldiging van witwassen.

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The chaos in the crypto market continues to prevail as the industry is trying to move ahead after the collapse of crypto exchange FTX. Interestingly, renowned crypto lender Nexo, which is facing troubles of its own, has filed a lawsuit against the Cayman Islands Monetary Authority (CIMA) the same week that Bulgarian authorities raided Nexo’s offices and indicted four people on charges of money laundering.

According to a document from January 12, the crypto lending company has sued CIMA for denying its registration as a virtual asset service provider (VASP) in the Cayman Islands. The crypto lender requested the court to reverse the financial regulator’s decision and argued that it was “suitable” to offer crypto services to citizens of the island nation.

In accordance with court documents, Nexo submitted an application to CIMA in January 2021 with updated information at the regulator’s request. However, the regulator claimed that Nexo had not disclosed “certain legal and regulatory matters as noted in the news media” and therefore demanded clarification on the application last October. Notably, the monetary authority denied the application in December last year.

“The Authority breached its constitutional and statutory duty to provide comprehensible, satisfactory and sufficiently detailed reasons for its Refusal Decision,” the crypto lender alleges.

Interessant is dat er sinds april 2021 een onderzoek loopt naar het in Sofia, Bulgarije gevestigde Nexo wegens het gebruik van offshore-rekeningen om belastingen te ontduiken en geld wit te wassen. De Bulgaarse Commissie voor financieel toezicht (BFSC) startte het onderzoek eerst door samen te werken met wetshandhavingsinstanties in Bulgarije, het Verenigd Koninkrijk. , en de Verenigde Staten.

Alle beschuldigingen van ongepastheid zijn ontkend door Nexo, die heeft beweerd dat het bedrijf volledig voldoet aan alle relevante wet- en regelgeving.

Citing instances in UK courts, Nexo argued that CIMA had given “too much weight” to regulators’ plans to take enforcement action against the cryptocurrency lender. United States state-level agencies also issued lasten onder dwangsom aan Nexo in 2022, but Nexo claims in its lawsuit that this doesn’t indicate that the company acted improperly:

“[Nexo] had diligently cooperated with all US states and federal regulatory inquiries and has been proactive in maintaining dialogue with the respective regulators […] There have been some regulatory ambiguities with respect to the laws and regulations applicable to digital assets in the US such that the fact of the regulatory enforcement itself does not connote any improper behavior.”

Interessant is dat de mede-oprichters van de crypto-geldschieter, Antoni Trenchev en Kalin Metodiev, bevestigden dat het niet insolvent is, eraan toevoegend dat het platform geen banden heeft met of blootstelling heeft aan het failliete crypto-hedgefonds 3AC of het Terra-ecosysteem.

Due to a lack of regulatory certainty, the lending company stated in December that it will gradually stop operating in the United States “over the coming months.” It is also crucial to note that the native token of the lending platform, NEXO, has dropped significantly over the past couple of months since its listing on the world’s biggest crypto exchange, Binance.

Op het moment van schrijven is de prijs van 1 NEXO is 84% lager dan het hoogste punt ooit in de maand november vorig jaar en kost $0.7396, terwijl de ATH $4.63 was.

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