4/29/2021 4:10:04 AM GMT
The BaFin has released a legal opinion stating that Binance should have informed legal authorities prior to launching its stock tokens.
The German watchdog claims that these tokens are not quite different from stocks from a regulatory perspective.
Binance’s new offering could cease in Germany, and the crypto exchange could face a hefty fine.
The German Financial Supervisory Authority, known as BaFin, is currently investigating whether crypto exchange Binance violates securities laws with its tokenized share offerings.
Binance could face a fine of over 5 million euros
Earlier this month, the world’s largest crypto exchange by trading volume launched tokens tied to the price of Tesla and Coinbase stocks.
PRESS RELEASE : hep global GmbH: Public offering and private placement of the 6.5% Green Bond 2021/2026 start today
04/29/2021 | 03:01am EDT
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DGAP-News: hep global GmbH / Key word(s): Issue of Debt
hep global GmbH: Public offering and private placement of the 6.5% Green Bond 2021/2026 start today
2021-04-29 / 09:00
The issuer is solely responsible for the content of this announcement.
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hep global GmbH: Public offering and private placement of the 6.5% Green Bond 2021/2026 start today
Güglingen, 29 April 2021 - The 6.5% Green Bond 2021/2026 (ISIN: DE000A3H3JV5) of hep global GmbH, an international
specialist for the development, realization and operational management of photovoltaic projects as well as investment
Important note:
This publication is neither an offer to sell nor a solicitation of an offer to buy securities. The securities which are the subject of this publication are offered by the issuer exclusively in the Federal Republic of Germany, the Grand Duchy of Luxembourg and the Republic of Austria by way of a public offer. Outside the Federal Republic of Germany, the Grand Duchy of Luxembourg and the Republic of Austria, no public offer is being made.
The securities will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act ), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
Since 2010, more than 310 neobanks have launched around the world, attracting an estimated 39 million users globally. Out of the 300+ ventures to have ever launched, 256 were live as of late-2020 with nearly half (111) located in Europe, data from European management consulting firm Exton Consulting show.
Inside Financial Services: Neobanks 2021, Exton Consulting, 2020
Neobanks, also known as online banks, virtual banks or digital banks, are a type of direct banks that operate exclusively online without traditional physical branch networks. These fintech-based financial providers are challenging traditional banks by offering services digitally either through their own banking license, or through banking partners.
Europe leads neobanking