After implementing several upgrades to comply with UK Financial Conduct Authority (FCA) requirements, centralized crypto lender Nexo has resumed accepting customer registrations from the country, Cointelegraph has reported.
These improvements were made in collaboration with Gateway 21, an FCA-authorized and regulated financial promotions approver, as the use of such providers is becoming increasingly common among cryptocurrency firms to ensure compliance in the UK.
Some of the changes include the implementation of cooling-off periods and specialized risk warnings for UK customers, as well as the requirement for users to complete an investor categorization questionnaire and suitability assessment before using the platform.
Importantly, Nexo will also provide tailored educational resources and dedicated support.