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Celsius Network lawyers move to fold UK affiliate
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fnlondon.comLawyers for Celsius Network are seeking to fold a UK affiliate into the company, a move that could strengthen the hand of the firm’s retail customers in their battle with institutional shareholders over the bitcoin mining business and other assets housed in the affiliate.
The cryptocurrency lender argued that its advisers have been struggling to reconcile the records of the UK affiliate, called Celsius Network, and Hoboken, NJ-based Celsius Network, and believes it makes more sense to collapse the two affiliates into one unit...
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