Nexo co-founder: There is something like too much transparency
Nexo co-founder: There is something like too much transparency
- nexo replied to recent inquiries from investors and supervisory authorities that the lender could get into difficulty
- The company has no solvency problems, emphasized the co -founders
nexo denied the growing speculation of investors and supervisory authorities that the crypto loan could get into trouble.
The co-founders Antoni Trenchev and Kalin Metodiev insisted that Nexo is Youtube-livestream to counteract a claim that the "liabilities of the company" would.
"Don't panic; don't draw any conclusions," said Trechev. "With us everything runs as usual"
metodiev said that bankruptcy was "nowhere in the reality of Nexo" and added that the co -founders are striving for a "very strong and sustainable future" for customers.
At the end of September, supervisory authorities in eight states-including Kentucky-submitted injunction against the crypto loan. State authorities in California, New York, Maryland, Oklahoma, South Carolina, Washington and Vermont claimed that Nexo had offered interest -bearing accounts without registering the investment products as securities. The return accounts were marketed and used by small investors.trenchev and metodiev, who answered questions from investors via Twitter, said that the company was working closely with the supervisory authorities during its next steps.
"The good news is ... The supervisory authorities want this product to be available in the States," said Trenchev. "You want to have it there. You don't want to close it. You are careful because there have been some bankruptcies in the past few months, and you obviously have to work for your mandate for investor protection."
Several livestream viewers asked whether Nexo would be in a similar situation to the now bankrupt lender Celsius. The quick consensus was a "no".
"Additional clarity and certainty are in this, you already know, cloudy market environment is an advantage, but at the same time it is also a bit hard because I think we have proven every day since Nexo was founded that we offer an actual service that is based on our technology and on the basis of a solid business model that is justified in its uncompromising risk management protocols," said MetodieV.
While the company intends to give more insight into its business, too much transparency can cause investors to make bad decisions and affect the company's competitive advantage.
"We will continue to increase the transparency that has to take place with an appropriate degree of duty and responsibility to ensure that this transparency is constructive and useful for decision -making," he said.
participate das: london and learn how the greatest traditional and crypto institutions see the future of the institutional introduction of crypto. Register here.
The contribution Nexo Co-Founder: There is search thing as too much transparency is not a financial advice.