The latest in their #NexoTransparency campaign, Nexo updated its website to showcase its current financial licenses and registrations across several countries and more than a dozen US states. With this move Nexo not only sets a transparency benchmark for crypto banks, but perhaps for all crypto + blockchain companies. For some DeFi enthusiasts, this reveal may be moot at best and repulsive at worst. However, considering Nexo is the centralized digital asset banking choice for 1.5M+ users, they should be held to a much higher standard of fiduciary and fiscal responsibility and transparency as to what protocols and procedures they abide by to best asuagee possible concerns. Regulatory disclosures from BlockFi, Celcius, Crypto.com + others coming soon? We certainly hope so. Competition is good for the market, and so far as legitimacy goes, the gap just grew even wider. 

Sources: https://nexo.io/licenses-and-registrations?j=155248&sfmc_sub=42559156&l=950_HTML&u=2711413&mid=500009431&jb=15003

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