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German Regulators Pull Up On Binance: We Have Questions On These New Tokens Tracking …

German Regulators Pull Up On Binance: We Have Questions On These New Tokens Tracking Stock Market Shares

Germany’s financial regulator, BaFin, has threatened to fine Binance, one of the world’s largest cryptocurrency exchanges, for offering securities-tracking digital tokens without publishing an investor prospectus. Cayman Islands-based Binance said earlier this week that it would offer “stock tokens” denominated in the exchange’s own cryptocurrency, giving investors exposure to MicroStrategy, Microsoft, Apple, Tesla and Coinbase.