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
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
Stocks

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

Topic |   Stocks
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
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
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