Crypto exchange Binance has announced that it would no longer be allowing its users to trade its innovative equity tokens offerings, as per a press release today.
Reason:The Securities and Futures Commission (SFC) of HongKong: Binance has offered trading services in stock tokens (Stock Tokens) in a number of jurisdictions and is concerned that these services may also be offered to Hong Kong investors. https://t.co/RtbXAVvKWw https://t.co/H23rVJBOft
— Wu Blockchain (@WuBlockchain) July 16, 2021
Binance halts stock token tradings
According to the crypto exchange, it is ceasing this crypto service in order to shift its focus to other products, and effective immediately, the stock tokens will no longer be available for trading to users.
The exchange continued that current holders of the token have the next 90 days to decide what they would be doing with their assets. If the ultimatum lapses without the users closing their positions, they will no longer be able to manually sell or clos
Źródło: https://cryptoslate.com/binance-dumps-stock-tokens-amidst-regulatory-troubles/
