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28 July 2021

Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure – Exchanges Bitcoin News

Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure – Exchanges Bitcoin News


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Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure – Exchanges Bitcoin News.

Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens.

Binance, the world’s leading digital asset exchange by daily volume, is ceasing support for stock tokens.

The exchange pointed out that the suspension is “effective immediately,” with stock tokens already unavailable for purchase on Binance.com.

On Friday, the regulator said it’s “aware that Binance has offered trading services in stock tokens in a number of jurisdictions and is concerned that these services may also be offered to Hong Kong investors.” The SFC emphasized that “no entity in the Binance group is licensed or registered to conduct ‘regulated activity’ in Hong Kong.”.

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