Nexo Joins INATBA to Boost Global Blockchain Developments

The premier institution for digital assets, Nexo, announced that it has joined the International Association for Trusted Blockchain Applications (INATBA). With the help of INATBA’s well-established connections with important public sectors in finance and regulation, Nexo’s commitment to reshaping the blockchain landscape has advanced significantly with this strategic cooperation. Through this partnership, Nexo will be able to actively participate in and contribute to important fields like education and regulatory compliance.

Renowned for playing a crucial role in establishing links between the public sector and the blockchain ecosystem, INATBA provides a special forum that connects commercial tech firms with government agencies. INATBA actively promotes the responsible development of blockchain technology and its regulation via cooperation, thought leadership, and direct interaction with legislators.

Nexo plans to actively engage in the working groups and advisory bodies of INATBA, concentrating on important areas including finance, education, and legal and regulatory compliance with a particular emphasis on tax, AML, and the EU’s MiCA framework. The two organizations will help the public sector shape regulations that support innovation while safeguarding the security and privacy of blockchain users by offering their considerable industry experience.

Nexo becomes a member of INATBA, joining the ranks of industry titans like IBM, Deutsche Börse AG, Binance, and many more, all of whom are prepared to actively contribute to the advancement of blockchain solutions that put user confidence, transparency, and regulatory compliance first. This membership demonstrates Nexo’s commitment to creating and using cutting-edge technologies in conjunction with strong legal frameworks.

Ricardo Simoes, INATBA Executive Director stated:

“We are thrilled to extend a warm welcome to Nexo as the newest member of the INATBA community! Nexo’s unwavering commitment to innovative fintech solutions underpinning blockchain technology, perfectly aligns with INATBA’s mission to encourage collaboration and spearhead the global adoption of blockchain. The wealth of expertise Nexo brings is set to enhance our already diverse ecosystem, and we eagerly anticipate a productive collaboration in shaping the future of the blockchain industry, one block at a time.”

Bianca Veleva, Head of Legal and Regulatory Compliance at Nexo stated:

“In the face of our growing industry, we felt the need for a partner to assist us in lending a powerful voice to the blockchain space to shape the standards for legal and regulatory compliance – a feat INATBA shines, given its recent impact on crypto-assets regulation in Europe, including direct involvement in definitions within the Markets in Crypto Asset Regulation (MiCA) and Transfer of Funds Regulation (TOFR).”

For Nexo, joining INATBA is a big accomplishment. The institution looks forward to further successful partnerships and creative discoveries within the INATBA community, establishing new standards for the blockchain sector.