“There are authorities at one of Nexo’s offices in Bulgaria which is, as you know the most corrupt country in the EU,” a Nexo spokesperson said in an email to CoinDesk. “They are making AML and tax-related inquiries about a Bulgarian entity of the group that is not customer facing, but only has back office functions – payroll, customer support, compliance. We are one of the most stringent entities with regards to KYC/AML.”
Related posts
-
‘Roaring Kitty’ faces class-action lawsuit over alleged GameStop stock manipulation
Keith Gill, popularly known as “Roaring Kitty” on X, is facing a class-action lawsuit over his... -
Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses
The U.S. state of Hawaii’s regulatory sandbox concludes today.... -
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
The U.S. Department of the Treasury and the IRS...