When Decrypt asked Binance CEO Changpeng Zhao about the CTFC probe earlier this month, he declined to comment. In the United States, the crypto exchange became the subject of a Commodity Trading Futures Commission (CTFC) probe over allegations that the company allowed US traders to use its platform. This is not the first time Binance has been the focus of attention from regulators.

Global financial services firm CM-Equity suggested that a prospectus was unnecessary as the tokens are settled in Binance’s stablecoin, BUSD. Understanding the mechanisms and risk behind Bitcoin can be a challenge, but this book breaks it down into easy-to-understand language to give you a solid grasp. In that case, Binance would be required to provide a prospectus for prospective Binance Stock Tokens, something that the exchange has yet to do. Bitcoin For Dummies is the fast, easy way to start trading crypto currency, with clear explanations and expert advice for breaking into this exciting new market. Germany’s Federal Financial Supervisory Authority (commonly known as BaFin) told the Financial Times that if Binance Stock Tokens are transferable, tradable, provide dividends, and are cash-settled, they represent securities. The UK Financial Conduct Authority (FCA) is one of the regulators keen to understand whether or not Binance Stock Tokens satisfy existing securities rules.

New Stock Tokens to Be Made Available on ()īinance’s Stock Tokens have already garnered some attention from regulators, with European regulators seeking to establish whether or not Binance complied with securities legislation before offering its Stock Tokens.

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