Nexo to pay $500K fine to California regulator over ‘risky loans’
California’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay.
California’s finance watchdog claims Nexo made nearly 5,500 loans to Californians without a valid license and did not properly assess their ability to repay.
Original source
Read on CointelegraphRelated market context
South Korea finance ministry says tokenized stocks are securities, not crypto assets, opening door to taxes: report
South Korea’s finance ministry said tokenized stocks are securities, opening potential taxation as early as H2 2026 if regulators...
The next DeFi drain could come from legacy contracts everyone forgot
The Raydium AMM V3 exploit drained roughly $1.34 million from a phased-out program tied to five pools outside the current product...
Fortune Names 30 Crypto Innovators for 2026
Key Takeaways: Fortune has just released its list of the top 30 companies and projects that are changing the face of the crypto se...
BNB Chain welcomes ColbFinance with $60M in tokenized pre-IPO positions
ColbFinance's integration with BNB Chain democratizes access to private tech investments, potentially reshaping traditional equity...
Brazil’s 2026 World Cup squad is worth nearly a billion euros, and crypto markets are paying attention
The integration of crypto with the World Cup highlights blockchain's growing influence in sports, potentially reshaping fan engage...
CFTC aligns whistleblower award rules with SEC, adds 30% presumption for claims under $5M
The CFTC's rule change may incentivize more whistleblowers, potentially increasing enforcement actions, especially in emerging mar...