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Re: WiseYoda post# 32835

Tuesday, 12/06/2022 5:07:02 PM

Tuesday, December 06, 2022 5:07:02 PM

Post# of 36260
The article is out there but went directly to their 24 hour chat and this was their direct response verbatim.

“Long story short, we have reached a point where regulators are unwilling to coordinate with one another, and are insistent on taking positions that are inconsistent with one another, creating an impossible environment to operate efficiently and to create the expected value for our clients. This is why we have taken the hard decision to slowly withdraw our services from the US. This will not happen immediately, and all our clients will have the opportunity to withdraw any remaining assets. As of December 6, 2022, our Earn Interest Product will not be available for existing clients in eight additional US states - Indiana, Kentucky, Maryland, Oklahoma, South Carolina, Wisconsin, California, and Washington.

These immediate changes only affect the usability of the Earn Interest Product for citizens and residents of the eight aforementioned states. In the interim and until further notice, these clients will continue to enjoy access to all other Nexo products available in these jurisdictions.”

Interesting thing is immediately after I reached out to Uphold. Granted they are a U.S. based company but for some reason they are not experiencing the same problems. How the heck is that possible. Massachusetts is still under the NEXO no fly zone so I am good for now ????
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