HK watchdog says Binance not licensed to conduct any regulated activity in the city

HK watchdog says Binance not licensed to conduct any regulated activity in the city

FILE PHOTO: 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 St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

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.

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