Home Altcoins NewsDeFi & NFTFinance News When Securities Regulators Come Knocking Nexo Finance Has a Plan

When Securities Regulators Come Knocking Nexo Finance Has a Plan

When Securities Regulators Come Knocking Nexo Finance Has a Plan

Antoni Trenchev Expressed:  Countries that are favorable to crypto will have access to some of the most intelligent minds of our generation. While China doubles down on their crypto crackdown, talent will continue to go elsewhere.

We’ve already seen movement from miners, exchanges and other businesses. Whereas other countries are legalizing and recognizing Bitcoin as currency.

There are places that welcome crypto, are eager to provide resources and the right environment for the industry to grow. These places will win and pave the way for others to follow.

Previously he stated, Recently, someone sent USD 2 billion in Bitcoin. The fee was about $0.80. Transferring money of this value in traditional finance markets would be impossible. P.S. If you’re a Nexo Finance user transferring $2bn in BTC, it would cost you $0 off the chain.

Institutional interest has only increased. This current market is a reflection of companies going deeper into crypto. Over the first two months of 2021, BlackRock, Square and MicroStrategy were only dipping their toes into Bitcoin.

Now they’ve tasted its benefits and are looking to harness the untapped potential of up-and-coming blockchains and DeFi coins that could yield higher returns.

When securities regulators come knocking, Nexo has a plan. Nexo is pursuing an acquisition of a SEC licensed broker dealer to offer a modified version of Nexo products.

Nexo Finance is talking with nationally chartered banks to partner with to offer Nexo products under a bank charter.

There is also the possibility of applying for an exemption to offer securities to non-accredited investors. There are solutions and ways to work alongside regulators. US is one of many markets we serve. Any company with a US presence will have to cross that bridge. Nexo Finance is prepared to take this on and set the path forward for the rest of the industry.

Community:  Looks Very Bullish for NEXO.

Antoni also agrees and states that crypto is volatile. But in being such, it has allowed us to develop mechanisms that give peace of mind in these dynamic times. Features dictated by the only free market left.

He stated that a hands-off way to properly allocate funds is the opt-in that allows the automatic use of Fixed Terms balances as collateral.

At Nexo, they value consumer protection and want to make your crypto experience secure. The more confident people are in the safety of their investments, the more crypto can expand.

Also, Good regulation will drastically increase people’s faith and sense of security in crypto which will bring in more potential customers. It’s sustainable businesses like Nexo Finance that can handle the influx of clients.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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