Nexo to cease offering products and services in the U.S. in the coming months

Cryptocurrency lending agency Nexo will stop offering products and services in the United States in the coming months, including immediately stopping users in eight states (Indiana, Kentucky, Maryland, Oklahoma, South Carolina, Wisconsin) , California, and Washington) to access its Earn Interest product and no longer register Earn products for any new US customers, residents of these states can continue to use Nexo's other services. Nexo did not provide an exact timetable for its overall exit from the U.S., saying it has been negotiating with state and federal regulators in the U.S., but those negotiations have reached a "dead end," while sharing information with regulators and trying to "proactively revise its business" in response to the concerns of these law enforcement agencies.