Robinhood Faces EU Regulatory Scrutiny Over New OpenAI and SpaceX Stock Tokens
- Robinhood’s stock token plan triggers EU regulatory review over structure and compliance.
- OpenAI disputes token linkage, prompting scrutiny from the Bank of Lithuania.
- 215 tokens issued on Arbitrum as Robinhood tests blockchain-based stock exposure tools.
Robinhood Markets is facing regulatory scrutiny in the European Union following its rollout of blockchain-based stock tokens tied to the private firms OpenAI and SpaceX. The campaign, which started on June 30, is now being examined by the Bank of Lithuania, the primary authority overseeing Robinhood’s EU operations. Questions have arisen over the structure and legal classification of the digital instruments.
The inquiry follows public warnings from OpenAI, which distanced itself from the promotion and cautioned that the offering may mislead users into believing they hold real equity in the company.
Lithuania’s Central Bank Demands Answers
According to a statement reported by CNBC, the Bank of Lithuania has formally requested that Robinhood provide detailed information about the nature of the stock tokens, which were issued on the company’s new blockchain infrastructure.
Giedrius Šniukas, a sp…
The post Robinhood Faces EU Regulatory Scrutiny Over New OpenAI and SpaceX Stock Tokens appeared first on Coin Edition.
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Robinhood Faces EU Regulatory Scrutiny Over New OpenAI and SpaceX Stock Tokens
- Robinhood’s stock token plan triggers EU regulatory review over structure and compliance.
- OpenAI disputes token linkage, prompting scrutiny from the Bank of Lithuania.
- 215 tokens issued on Arbitrum as Robinhood tests blockchain-based stock exposure tools.
Robinhood Markets is facing regulatory scrutiny in the European Union following its rollout of blockchain-based stock tokens tied to the private firms OpenAI and SpaceX. The campaign, which started on June 30, is now being examined by the Bank of Lithuania, the primary authority overseeing Robinhood’s EU operations. Questions have arisen over the structure and legal classification of the digital instruments.
The inquiry follows public warnings from OpenAI, which distanced itself from the promotion and cautioned that the offering may mislead users into believing they hold real equity in the company.
Lithuania’s Central Bank Demands Answers
According to a statement reported by CNBC, the Bank of Lithuania has formally requested that Robinhood provide detailed information about the nature of the stock tokens, which were issued on the company’s new blockchain infrastructure.
Giedrius Šniukas, a sp…
The post Robinhood Faces EU Regulatory Scrutiny Over New OpenAI and SpaceX Stock Tokens appeared first on Coin Edition.
Read More