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Crypto lenders face mounting scrutiny as California joins enforcement wave
Jan, 17, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
Share:
Crypto lending platform Nexo faces a half-million-dollar penalty from California regulators for making thousands of loans without proper licensing, throwing cold water on the company’s plans to restart operations in the United States. The California Department of Financial Protection and Innovation slapped Nexo with a $500,000 fine after discovering the firm gave out crypto-backed loans […]
Crypto lenders face mounting scrutiny as California joins enforcement wave
Jan, 17, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
Share:
Crypto lending platform Nexo faces a half-million-dollar penalty from California regulators for making thousands of loans without proper licensing, throwing cold water on the company’s plans to restart operations in the United States. The California Department of Financial Protection and Innovation slapped Nexo with a $500,000 fine after discovering the firm gave out crypto-backed loans […]