The biggest cryptobours are in trouble. It has completed the sale of its unique asset

The Binance cryptomen exchange is perhaps the most popular exchange among traders and investors due to its low fees and wide range of digital currencies on offer. She recently joined her custom blockchain tokens, which allowed its clients to purchase fractions of shares of companies covered by real securities. However, this is over, the agency warns Reuters.

You can no longer buy stock tokens on Binance, the stock exchange is “defended” by regulators

As a token with a price in the stablecoine Binance USD (BUSD), the value of which is pegged to the US dollar, you could buy, for example, shares of Tesla, but also Coinbase, Microsoft or Apple. Cryptoburza, however, on its website informedthat the sale of these tokens ends and at the same time their support ends in October this year.

As of today, the stock tokens are officially unavailable at Binance, and the stock exchange will support them until October 14, until their owners have the opportunity to sell them. The real reason why the stock exchange stopped selling tokens again comes from regulators.

In recent months, Binance has been getting “taken away” from regulators in countries around the world, and the warnings have also applied to the stock tokens just mentioned.

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Already in April, for example, the German regulatory authority BaFin warnedthat the stock exchange faces a fine for offering stock tokens without the publication of sales prospectuses and today issued a similar warning from the Hong Kong Securities and Futures Commission.

However, threats of fines and suspensions are not directed at Binance just because of stock tokens. The stock exchange is also in the sights of regulators for possible money laundering and tax evasion, for which it will be in May began to be investigated by US authorities.

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It has problems in several countries, including Italy, Japan and the United Kingdom, where it received from the local Financial Management Authority (FCA) at the end of June. uncompromising stop order.

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