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Cryptocurrency exchange Binance not licensed to sell stock tokens in Hong Kong, says markets regulator SFC



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Hong Kong’s markets watchdog on Friday said Binance, one of the world’s largest cryptocurrency exchanges, was not licensed to sell “stock tokens” in the city, products it said the exchange had offered in other markets.Hong Kong’s Securities and Futures Commission (SFC) also said in its statement that “no entity in the Binance group is licensed or registered to conduct ‘regulated activity’ in Hong Kong.”The move followed other warnings to Binance from regulators in Italy, Thailand, Japan,…

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