German financial regulator suspects Binance offering ‘violates securities laws' - CoinGeek

in hive-116221 •  4 years ago 

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The German financial regulator has said it has reasonable grounds to suspect cryptocurrency exchange Binance of violating securities laws over its tokenized stock trading service.

In a notice published by the Federal Financial Supervisory Authority, or BaFin, the regulator said it believed the Binance had offered "securities in the form of ‘shares token' with the terms TSLA/BUSD, COIN/BUSD and MSTR/BUSD without the required prospectuses on the website."


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