Summary
- The Bank of Lithuania has started an investigation into Robinhood's stock token trading.
- This investigation is intended to review the structure of the OpenAI and SpaceX stock tokens and the explanation and communication provided to consumers.
- Considering that Lithuania is a key registration country for Robinhood's European business, a focused examination of the legality of stock token products and investor protection measures is expected.
According to CNBC on the 7th (local time), the Bank of Lithuania has launched an investigation into Robinhood, which recently began trading stock tokens. This investigation aims to review the structure of the OpenAI and SpaceX stock tokens issued by Robinhood, as well as related explanations and communications to consumers.
Previously, OpenAI officially stated, "These tokens are not based on actual shares of OpenAI" and "there is no partnership with Robinhood."
Lithuania is one of the main registration countries for Robinhood's European business, and through this action, the legality of stock token products and investor protection measures will be closely examined.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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