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Germany’s Financial Watchdog BaFin Says Binance’s Stock Tokens May Violate Law

Germany’s Financial Watchdog BaFin Says Binance’s Stock Tokens May Violate Law



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  1. TLDR: “BaFin said the stock tokens tracking Tesla, Coinbase, and MicroStrategy have been identified as “suspicious” and the exchange could be fined up to $6 million.”

  2. Not surprised to see this at all. Honestly, I was pretty surprised when they announced this offering as it sort of seems like it is asking for trouble. These are highly regulated markets. Although if a 6 million dollar fine is the issue, well that is literally nothing to binance so hopefully they know what they are doing.

    Dont fuck around right now binance. We are all very much at your mercy here.

  3. tldr; Germany’s Financial Supervisory Authority BaFin has warned Binance may have violated European securities rules with the launch of its stock tokens. BaFin said the stock tokens tracking the movement of shares in Tesla, Coinbase, and MicroStrategy have been identified as “suspicious” and require a prospectus that has not been issued prior to trading. The exchange could be fined up to $6 million.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. Binance is in an upswing on all fronts. It’s pretty obvious they are taking the “Get rich now, deal with repercussions later” approach. Which is actually a reasonable wager, with how the governments are playing catch-up.

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