Bulgarian prosecutors have ended the legal investigations into crypto lender Nexo.
A report printed on Friday stated authorities had discovered no proof of cash laundering and tax offences towards Nexo and 4 of its executives.
The Bulgarian Prosecutor’s Workplace closed its legal investigations towards crypto lender Nexo and 4 of its executives, an area information company reported on Friday.
Based on the report, prosecutors discovered no proof of legal exercise on the a part of Nexo and the 4 executives Kosta Kanchev, Antoni Trenchev, Kalin Metodiev and Trayan Nikolov. Tax and laptop fraud expenses towards the defendants have additionally been dropped.
Bulgaria police raided Nexo workplaces in January this yr, with authorities alleging potential legal exercise in relation to cash laundering, tax offences and unauthorised banking actions. However the prosecution has concluded that Nexo’s merchandise “don’t represent monetary devices.”
The platform’s providers and merchandise supplied to prospects are subsequently not funding providers.
The put up Bulgaria closes investigation into Nexo citing no legal exercise appeared first on CoinJournal.
