TechFlow news — On September 3, according to The Block, centralized cryptocurrency lending platform Nexo announced it has resumed accepting registrations from UK customers. The company partnered with Gateway 21, an FCA-authorized financial promotion approval body, to implement a series of platform upgrades to meet the compliance requirements of the UK Financial Conduct Authority (FCA). New measures include a cooling-off period, dedicated risk warnings, and an investor classification questionnaire.
Elitsa Taskova, Nexo's Chief Product Officer, said the company is committed to providing UK customers with improved services and educational resources. Previously, Nexo had suspended registrations from UK customers at the end of 2023 in response to the FCA's new crypto asset financial promotion rules, which took effect on October 8, 2023, aiming to enhance transparency and accuracy in the marketing of crypto products.
