According to data provided by the Bloomberg Terminal, Hong Kong is the most recent country to ban the Binance crypto trading behemoth from performing regulated activities.
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Fri, 07/16/2021 - 10:35
Binance Stops Selling Stock Tokens Over Regulatory Issues in Germany: Insider Colin Wu
The statement comes from the Hong Kong Securities and Futures Commission.
HONG KONG'S SFC SAYS NO ENTITY IN THE BINANCE GROUP IS LICENSED OR REGISTERED TO CONDUCT "REGULATED ACTIVITY" IN HONG KONG
— *Walter Bloomberg (@DeItaone) July 16, 2021Advertisement
Earlier, U.Today reported that the U.K., Malta and Italy had prohibited the crypto exchange from providing services to their citizens. Besides, large U.K. banks have ceased cooperating with Binance.
According to insider Colin Wu, Binance will now stop offering stock token trade due to issues with the German regulator as well.
Vladislav Sopov
Dan Burgin