Binance’s marketing of security token based on Tesla stocks raises questions about Hong Kong licence

//Binance’s marketing of security token based on Tesla stocks raises questions about Hong Kong licence

Binance’s marketing of security token based on Tesla stocks raises questions about Hong Kong licence

Binance, the largest cryptocurrency exchange by trading volume globally, is marketing its first security token backed by Tesla stocks trading on the Nasdaq exchange to investors – including those in Hong Kong.The marketing campaign could be deemed a regulated activity that requires a licence in Hong Kong. Binance, however, does not have any such licence in the city, according to Securities and Futures Commission (SFC) records.Moreover, a list of restricted jurisdictions – mainland China and the…

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By | 2021-04-21T16:30:21+00:00 April 21st, 2021|Business|Comments Off on Binance’s marketing of security token based on Tesla stocks raises questions about Hong Kong licence