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Robinhood begins engaging with European regulators to clarify latest tokenized stock launch
Odaily News Robinhood has begun engaging with European regulators to clarify its latest tokenized stocks, and the company is answering inquiries from regulatory entities such as the Central Bank of Lithuania regarding the structure of its tokenized stocks and whether it blurs the line between real equity and derivatives. (The Block)
Earlier news, Robinhood stock tokens faced EU scrutiny. The Central Bank of Lithuania said it had contacted Robinhood and was waiting for clarification on the structure of its OpenAI and SpaceX stock tokens. Robinhood has not yet commented on this. Giedrius Šniukas, a spokesman for the Bank of Lithuania, said that the legality and compliance of these specific tools can only be assessed after receiving and evaluating this information, and the information provided to investors must be clear, fair, and not misleading.
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