Bulgarian prosecutors have concluded an investigation into crypto lender Nexo, finding no evidence of criminal activity, as reported by IanAllison123. The announcement signifies the end of the country's scrutiny into the company for alleged money laundering offenses. The closure of the case comes amid discussions on the regulatory status of crypto assets, with a noted absence of a legal framework in Bulgaria for regulating these assets. This contrasts with other countries like the United Kingdom, which, according to a legal expert, can distinguish between crypto assets and securities. The U.S. SEC's recent announcement regarding Barnbridge has sparked debate on the classification of 'crypto-asset securities,' a term that is being questioned for its validity.
Bulgaria ends criminal proceedings against crypto lender Nexo, finding no evidence of money laundering, tax crimes, computer fraud, or other criminal activity (The Block) https://t.co/xKf3AWGejJ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/1SSCUz7G86
The Bulgarian Prosecutor's Office has closed its investigation into crypto lender Nexo for alleged money laundering offenses because there was no evidence of criminal activity. Bulgarian authorities said they found “no evidence of criminal activity,” adding that “no evidence of…
ICYMI: Bulgaria ends investigation into crypto lender Nexo, finding no criminal activity https://t.co/u4iOSepNiG
*BULGARIA ENDS INVESTIGATION INTO CRYPTO LENDER NEXO, FINDING NO CRIMINAL ACTIVITY - THE BLOCK
Bulgaria ends investigation into crypto lender Nexo, finding no criminal activity https://t.co/0ZHbVlmT5T
Bulgarian Prosecutor's Office closes its investigation into crypto lender @Nexo after it found no criminal activity, according to a report. by @IanAllison123 https://t.co/L5EMBnBpHF
The announcement by Bulgarian prosecutors added that the country lacked a legal framework for regulating crypto assets. https://t.co/TiOG7CjIJD
After the SEC's announcement re Barnbridge, let's be clear: there is no such thing as a "crypto-asset security." There are cryptoassets, there are securities. Countries like the United Kingdom can tell the difference. Why can't we? https://t.co/g5RvnMzjO6