Nexo continues to provide services to EEA through a third-party licensing agency

On 29 July, Nexo, the encrypted lending platform, worked together with two partners licensed by MiCAR to ensure the continuity of service in the European Union. Nexo reiterated that until MiCAR (encrypted asset market regulation) was fully implemented, its products were fully compliant with the European Economic Area (EEA) compliance requirements. This compliance was achieved through two licensed partners — Tangany (in charge of the MiCAR hosting operation) and DLT Finance (in charge of the MiCAR/MiFID II brokering operation) — and there was no interruption of services during the period。