Tag: Nexo

Nexo markets itself as a premier digital-asset wealth platform, but its licensing posture in Europe appears materially narrower than its branding suggests. A review of Nexo’s public positioning, entity footprint, product stack, and prior regulatory actions indicates a business model that sits at the intersection of crypto-asset services, lending, and investment-like products, with MiCA likely to force sharper legal boundaries in the EU.

In March 2022, the United Arab Emirates (UAE) was designated as a high-risk country by the global financial crime watchdog Financial Action Task Force (FATF) and added to their “grey list” of countries subject to increased monitoring to counter financial crime. Despite the greylisting, many crypto companies such as Binance have set up shop in Dubai in recent months. Lured by the crypto-friendly regulation. This is dangerous for all other regulatory regimes, merchants, and consumers.