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News Explorer — Nexo To Phase Out Cashback for UK Exchange, Card Transactions to Comply With New FCA Rules

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Oct 6, 10:49 am
Coindesk

Nexo To Phase Out Cashback for UK Exchange, Card Transactions to Comply With New FCA Rules

Crypto platform Nexo will phase out certain products for its UK clients in response to new regulations. Starting from October 8th, Nexo will discontinue cashback payouts, referral and affiliate programs for Nexo Exchange and Nexo Card transactions. These measures are being implemented to comply with the UK Financial Conduct Authority's promotions rules for crypto, which require firms to be registered and make changes to their systems.

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