After Futu Securities was banned, will buying stocks on-chain be the new remedy?
The China Securities Regulatory Commission is investigating several cross-border brokers, bringing on-chain US stocks into the spotlight. On-chain US stocks attempt to tokenize traditional assets but are not a panacea for regulatory evasion. Investors need to be cautious about the legal relationships, identity restrictions, and sources of funds associated with on-chain US stocks. The true value of on-chain US stocks lies in the transparency and globalization of compliant assets, rather than in evading regulations.
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