Nexo has announced the resumption of new client registrations in the United Kingdom, starting September 3, 2024. This follows a series of key platform upgrades to comply with guidelines set by the UK’s Financial Conduct Authority (FCA).
The relaunch will include a dedicated initiative to help new UK clients easily understand and navigate these FCA guidelines.
To align with the evolving regulatory environment in the UK, Nexo has implemented several updates in collaboration with its UK partner, Gateway 21, a financial promotion approver. These updates include cool-off periods, specialized risk warnings, and other mandatory measures to meet FCA requirements.
“The UK has long been a cornerstone market for Nexo, and our commitment to our clients here remains resolute. When faced with rigorous yet necessary regulation, we chose to stand firm, diligently adapting our platform to meet these stringent requirements. This determination has enabled us to continue delivering the unparalleled services that define Nexo,” said Elitsa Taskova, Chief Product Officer of Nexo.
“We are deeply invested in cultivating and strengthening our relationships here, empowering our clients to make well-informed decisions with unparalleled access to expert knowledge and support. Through an array of educational resources and tailored materials, we aim to equip them to navigate the intricacies of the digital asset space and our newly enhanced UK-specific onboarding process with confidence and clarity.”
As the crypto and blockchain landscape becomes more complex, a functional onboarding process is not enough.
Nexo recognizes the need to clarify the regulatory framework for clients, highlight the roles of relevant authorities, and ensure both parties understand their obligations. The company is committed to developing tailored educational resources and support channels, aiming to promote informed decision-making and risk awareness, while maintaining the highest standards of client care in the UK market.