FILE PHOTO: The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay
BERLIN (Reuters) - Germany's financial regulator, BaFin, warned that Binance, one of the world's largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without first publishing an investor prospectus.
On Monday, Binance announced it would offer tokens, denominated in the exchange's own cryptocurrency, giving investors exposure to MicroStrategy Inc, Microsoft Corp and Apple Inc.
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