Indian Officials Issue Cautionary Warning Against Cryptocurrency Trading.
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Hong Kong Regulators List Binance As Unregistered Entity.
2021-07-16 | Robin Williams
"Where the stock tokens are 'securities,' marketing and/or distributing such tokens – whether in Hong Kong or targeting Hong Kong investors - constitute a 'regulated activity' and need a license from the SFC unless an applicable exemption applies," the regulator outlined.Earlier today, Binance revealed that it's discontinuing its stock-token service, ending the sale of them with immediate effect & ceasing support for those already purchased in October. The SFC's announcement follows a string of comparable warnings from regulatory bodies elsewhere, along with the United Kingdom, Japan as well as Ontario. The United Kingdom FCA [Financial Conduct Authority] ruling was followed by several leading banks in Britain, along with Barclays and Santander blocking their users from using their cards on Binance's platform.
