According to ChainCatcher, crypto lending institution Nexo has reopened UK customer registration after a series of upgrades to meet the compliance requirements of the UK financial regulator, the Financial Conduct Authority.

The upgrade was implemented in cooperation with Gateway 21 (a financial promotion approval agency authorized and regulated by the FCA), and the changes include providing a cooling-off period and dedicated risk warnings for UK customers. Users also need to complete an investor classification questionnaire and suitability assessment before using the platform, which has become a standard practice for cryptocurrency companies serving UK customers.