The launch comes amid a rise in the popularity of cryptocurrencies, whose combined market value surpassed US$2 trillion for the first time in April. Photo: Getty Images
Binance’s marketing of security token based on Tesla stocks raises questions about Hong Kong licence
- Marketing campaign could be deemed a regulated activity that requires a licence in Hong Kong, which Binance does not have according to SFC records
- Binance website does not mention Hong Kong among jurisdictions that bar trading in security tokens
The launch comes amid a rise in the popularity of cryptocurrencies, whose combined market value surpassed US$2 trillion for the first time in April. Photo: Getty Images
