ChainCatcher message, the crypto lending institution Nexo has reopened registration for UK customers after a series of upgrades to meet the compliance requirements of the UK's Financial Conduct Authority (FCA).This upgrade was implemented in collaboration with Gateway 21 (an FCA-authorized and regulated financial promotion approval body), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users are also required to complete an investor classification questionnaire and a suitability assessment before using the platform, which has become standard practice for cryptocurrency companies serving UK customers.

ChainCatcher message indicates that, according to this month's documents, the crypto lending institution Nexo has applied to remove Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. from the UK company register.Nexo co-founder Antoni Trenchev stated that the company is "undergoing some restructuring" and "rethinking the way it serves customers," but does not intend to exit the UK. According to evidence provided by accounting firm Moore Johannesburg on Thursday, it oversees approximately $2 billion in assets on its platform. (source link)