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Nexo Initiates International Arbitration Case Against Bulgaria

Cryptocurrency-based financial services company Nexo has filed a case against Bulgaria in an international arbitration court in the USA, according to investigative website “Bird.bg” This move comes after the Bulgarian prosecutor’s office dropped its investigation into Nexo, citing insufficient evidence of a crime. Details of the dispute, filed on January 18 with the International Center for Settlement of Investment Disputes (ICSID), are not fully clear from the announcement….