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Showing posts from July, 2014

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Binance stated today that it is putting an end to its stock token product. This comes a day after Italian regulators joined a string of financial watchdogs to crack down on the platform. Binance stated on its website, “Effective immediately, stock tokens are unavailable for purchase on Binance.com , and will no longer support any stock tokens after 2021-10-14 19:55 (UTC).” The exchange also added that it would shift its commercial focus to other product offerings. Why Binance took the decision The stock token offering was introduced by the cryptocurrency exchange in April. It allowed customers to buy fractions of shares in companies. The platform started with Tesla stock and then Coinbase, MicroStrategy, Microsoft and Apple were added shortly after. It has been facing a lot of regulatory issues of late. The exchanges latest battle with financial watchdogs comes from Italy. Italy’s market regulator stated yesterday that it was not authorized to provide investment services and acti

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