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EU Regulators Probe Robinhood’s Stock Tokens After OpenAI Denies Involvement
EU Regulators Probe Robinhood’s Stock Tokens After OpenAI Denies Involvement
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BTCCSquare news:
Robinhood faces regulatory scrutiny in the EU as authorities investigate the legality of its blockchain-based "Stock Tokens," which purportedly represent shares in companies like OpenAI and SpaceX. The Bank of Lithuania has demanded clarifications from Robinhood following OpenAI's public disavowal of any association with the product.
OpenAI explicitly stated it did not approve or endorse the tokenized offering, emphasizing that any transfer of its equity requires direct approval. The controversy highlights the regulatory gray area surrounding crypto-linked private market offerings in Europe, with consumer protection and transparency at the forefront of concerns.
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