4 weeks later.. to anyone reading this ..yes I understand that nexo in the USA cannot be earned in KIND nor traded of bought directly on Nexo. BUT... from about 02/04/22 to just a few days ago ..I could and did earn in kind and was able to buy Nexo directly via Nexo. "Opps!" Or a "can we sneak this past the SEC?"
Earn in Nexo along with Buy/Swap Nexo on exchange were enabled for US customers on Jan 27th. It wasn't officially announced by Nexo, but it was well known still. They sent emails on Mar 1st that they reversed the decision. They weren't requested to, they did it as a proactive measure in response to the BlockFi court settlement (along with restricting earning of all US deposits a few weeks earlier on Feb 18th).
I can still earn on new deposits..that never stopped.
If you're from the US you cannot earn on newly deposited funds as of Feb 18th.. you've deposited funds since then and are sure you're getting interest on them?
SEC doesn’t care proactive measurement. Both Kin and Ripple were proactive enough. The proactive measurement was really a bummer and it has forcedme to look into Defi, while there is risk I have decided to pit more of my eggs in different defi to earn better interests.
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