Is Nexo banned in the UK?

Could you please elaborate on the current status of Nexo in the United Kingdom? I've heard some rumors suggesting that Nexo might be banned in the UK. Is this indeed the case? If so, what are the specific reasons behind this ban? Are there any legal implications for individuals or businesses that are still using Nexo services in the UK? What steps should they take to ensure compliance? Additionally, is there any hope for Nexo to be reinstated in the UK in the future, or should users consider alternative options? Thank you for clarifying the situation.