Binance could face heavy fines over stock tokens warns German regulator

Cointelegraph

Published Apr 29, 2021 03:35AM ET

Updated Apr 29, 2021 05:40AM ET

Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator.

The Federal Financial Supervisory Authority (BaFin) warned on Wednesday that the world’s largest cryptocurrency exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus.

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