Nexo’s Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence

Bulgarian authorities have reportedly closed the money laundering investigation against crypto lender Nexo, citing a lack of evidence of criminal activity, tax offenses, or computer fraud by the company’s executives. The investigation, which also looked into alleged tax offenses, banking without a license, and computer fraud, focused on four Nexo executives. The Prosecutor’s Office stated that the products offered by Nexo do not constitute financial instruments. (Source: Coindesk)