On the day its offices were raided in Bulgaria last week, and four of its employees criminally charged with money laundering and fraud, the Nexo crypto lending group sued the Cayman Islands Monetary Authority for rejecting its licensing application and is seeking a court declaration that it is "suitable to be registered".
Articles Bulgaria Cayman Islands Crypto England Featured Investment Switzerland United Kingdom USAJanuary 15, 2023
Crypto lender Nexo Capital sues Cayman regulator for rejecting license application
2 weeks ago
Nexo Capital Inc. v. CIMA: Notice of Originating Motion (‘Crypto Lender’s Appeal of Cayman Regulator’s Rejection’)
January 12, 2023