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European regulators have started research by Robinho’s stock products After Openii informed the investors that the companical “Openi Tokens” did not give any ownership of the company.
This warning, which was directly issued by Openii, brought the central bank Lithuania to open the investigation, according to a Report 7 July CNBC.
Lithuania bankwho oversees the work of Robinhood the region, has asked the company to explain how his tokens function and how to sell on the market.
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Bank spokesman Giedrius Sniukas said he would evaluate the situation only after reviewing the information provided.
The Robinhood Token Program was launched on June 30, together with a new blockchain platform designed to support these digital securities in Europe. Company Plans to introduce more than 200 tokens related to US shares and exchange funds (ETFS).
However, the controversy is not about these public stocks, but Instead, it focuses on the tokens of private capital associated with Openi and SpacexTwo companies that are not listed in public markets.
These private tokens are based on estimated estimates, not at the actual prices of shares. Galaxy Research analysts specified That these products are basically contracts that follow the value of the companies but do not give the right ownership or voting rights.
In the meantime, the Association of Securities and Financial Markets (SIFMA) recently asked the US Securities Commission (SEC) to reject the KRIPTO bids for the issuance of tokenized shares in accordance with relaxed rules. What did it say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
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