Bulgarian prosecutors have ended the prison investigations into crypto lender Nexo.
A report revealed on Friday mentioned authorities had discovered no proof of cash laundering and tax offences in opposition to Nexo and 4 of its executives.
The Bulgarian Prosecutor’s Workplace closed its prison investigations in opposition to crypto lender Nexo and 4 of its executives, an area information company reported on Friday.
In accordance with the report, prosecutors discovered no proof of prison exercise on the a part of Nexo and the 4 executives Kosta Kanchev, Antoni Trenchev, Kalin Metodiev and Trayan Nikolov. Tax and pc fraud fees in opposition to the defendants have additionally been dropped.
Bulgaria police raided Nexo places of work in January this yr, with authorities alleging potential prison exercise in relation to cash laundering, tax offences and unauthorised banking actions. However the prosecution has concluded that Nexo’s merchandise “don’t represent monetary devices.”
The platform’s companies and merchandise supplied to clients are due to this fact not funding companies.
The publish Bulgaria closes investigation into Nexo citing no prison exercise appeared first on CoinJournal.
