Nexo arkiverar rättegång mot Caymanöarna: Detaljer

• Nexo har lämnat in en stämningsansökan mot Cayman Islands Monetary Authority (CIMA) för dess registrering som VASP i regionen.
• 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.”
• Nyligen gjordes en razzia mot företaget av bulgariska myndigheter och fyra personer åtalades för penningtvätt.

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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.

Intressant nog har Sofia, Bulgarien-baserade Nexo varit under utredning för att ha använt offshore-konton för att undandra skatter och tvätta pengar sedan april 2021. Bulgarian Financial Supervision Commission (BFSC) startade utredningen först genom att samarbeta med brottsbekämpande myndigheter i Bulgarien, Storbritannien , och USA.

Alla anklagelser om oegentligheter har förnekats av Nexo, som har hävdat att företaget helt och hållet följer alla relevanta lagar och förordningar.

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 upphöra och avstå order till Nexo 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.”

Intressant nog bekräftade medgrundarna av kryptolångivaren, Antoni Trenchev och Kalin Metodiev, att den inte är insolvent, och tillade att plattformen inte har några band till eller exponering mot den konkursmässiga kryptohedgefonden 3AC eller Terra-ekosystemet.

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.

I skrivande stund är priset på 1 NEXO är nere med 84% från all-time high bevittnat i november månad förra året och är prissatt till $0.7396, medan ATH var $4.63.

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