“Effective immediately, stock tokens are
unavailable for purchase on Binance.com, and Binance.com will no longer support
any stock tokens after 2021-10-14 19:55 (UTC),” the exchange said on its
website, adding it would shift its commercial focus to other product offerings.
Italy’s market regulator said on Thursday
that Binance was not authorized to provide investment services and activities
in Italy, even via its main website which has offered information in Italian on
derivatives and so-called stock tokens
BaFin, the German regulator, said in April
that Binance risked being fined for offering so-called “stock tokens” without
publishing an investor prospectus.
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