The world’s largest cryptocurrency exchange Binance, received in April had made a decision to sell share tokens. This decision meant that the shares of a company traded on an exchange were sold as tokens on Binance. Cryptocurrency exchange, as a result of this decision, Tesla Microsoft, Apple, Coinbase and MicroStrategy started to sell tokens of companies like.
In a statement made today, the stock market returned from this decision announced. So Binance will no longer sell stock tokens. Touching on the reasons for this, the company said its trade centers to be able to scroll to other products
announced that such a decision was taken for . However, this explanation was only the visible side of the matter. The main reason is most likely the regulator of the German financial market. BaFin.
BaFin corners Binance
Binance, to be frank, is not going through a very good period right now. Because governments, one after another, bought Binance. to ban they have started. BaFin, which regulates the German financial markets, said in a statement that such investments only meet certain conditions explains that it can be made by companies, and whether Binance meets these conditions. not sure had explained. This seems to have taken a step back from Binance. The stock market is also from Germany banned for not wanting to eat may have stopped stock token sales.
According to the statements made by Binance, users are currently using share tokens. can’t buy. In terms of selling, users must at the latest October 14 to complete the process. When the calendars show October 15, any action on these tokens in many countries will not be possible.