Lawyer: Binance Hong Kong Stock Exchange for Tesla Stock Sponsored Security Tokens may violate local and stock exchange regulations.

2021-4-22 06:21
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According to the South China Morning Post on April 22, Gaven Chung, partner of the Simmons law firm, reported that Binance's trading in Hong Kong against Tesla Stock sponsored security tokens violated local laws and regulations regarding trading. security management. Doing business in Hong Kong can be considered a managerial activity and requires a license. However, according to data from the Hong Kong Securities and Futures Commission (SFC), Binance does not have such a license in Hong Kong. Additionally, Hong Kong is not mentioned in the shortlists available on Binance's website (like Mainland China and the United States).

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