Bulgarian prosecutors have ended the felony investigations into crypto lender Nexo.
A report revealed on Friday mentioned authorities had discovered no proof of cash laundering and tax offences in opposition to Nexo and 4 of its executives.
The Bulgarian Prosecutor’s Workplace closed its felony investigations in opposition to crypto lender Nexo and 4 of its executives, an area information company reported on Friday.
In line with the report, prosecutors discovered no proof of felony exercise on the a part of Nexo and the 4 executives Kosta Kanchev, Antoni Trenchev, Kalin Metodiev and Trayan Nikolov. Tax and pc fraud prices in opposition to the defendants have additionally been dropped.
Bulgaria police raided Nexo workplaces in January this yr, with authorities alleging potential felony 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 companies and merchandise supplied to clients are subsequently not funding companies.
The submit Bulgaria closes investigation into Nexo citing no felony exercise appeared first on CoinJournal.
