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Crypto exchange Binance tightens money-laundering checks as regulatory pressure mounts
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Crypto exchange Binance hires former US Treasury criminal investigator
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Binance founder willing to go, as pressure mounts
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Binance pulls plug on digital stocks amid regulatory scrutiny
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(REUTERS)
Alexander Osipovich
, The Wall Street Journal
Stock tokens will be unavailable for purchase on the crypto exchange effective immediately, Binance said; customers can sell over the next 90 days
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Read Full Story Binance Holdings Ltd., the world’s largest cryptocurrency exchange operator, said it would stop offering digital tokens tied to stocks like Apple Inc. and Tesla Inc. after regulators in multiple countries raised concerns about the products. Stock tokens will be unavailable for purchase on Binance effective immediately, the crypto exchange said on its website Friday. Customers who own the tokens may sell them over the next 90 days, and Binance will cease to support the products on Oct. 14, the exchange said.
Monday, 28 Jun 2021 09:38 AM MYT
The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta’s official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta’ Qali, Malta October 3, 2019. Reuters pic
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LONDON, June 28 Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally.
In a notice dated June 25, the Financial Conduct Authority (FCA) said Binance Markets Ltd, Binance’s only regulated UK entity, “must not, without the prior written consent of the FCA, carry out any regulated activities. with immediate effect”.