Binance, a cryptocurrency exchange that couldn’t stand the global supervision, finally gave in. Binance said that stock token trading will no longer be available on the trading platform. And Binance launched the stock token in just three months, and it was encircled and suppressed by the governments of various countries, so it had to call the card.
Binance stated on its official website on Friday that it will no longer provide stock tokens immediately and take effect immediately. Such tokens will end on October 14 and will be closed the next day. In the future, they will continue to focus on other product development.
On the same day, Binance was warned by Hong Kong and Italy.
However, it is well known that since Binance launched its stock token service in April, including Tesla and Coinbase, it has since joined MicroStrategy, Microsoft and Apple.
For the securities trading regulators of various countries, Binance’s move is tantamount to bypassing the regulatory heads and directly conducting stock transactions, which has aroused concerns in various countries. It is tolerable or intolerable. Therefore, the United Kingdom first issued a warning and ordered a ban on payment transactions with Binance. Other countries have followed in their footsteps and hunted down Binance.
