ESMA, IOSCO and the World Federation of Exchanges urge the SEC to tighten oversight of tokenized equities, warning of investor risks as Wall Street giants eye the growing market. Exchange industry associations and global regulators are joining forces to curb the growth and adoption of tokenized stocks, arguing that these products do not represent actual equities and expose investors to significant risks. According to Reuters, the European Securities and Markets Authority (ESMA), the International Organization of Securities Commissions (IOSCO), and the World Federation of Exchanges (WFE) have sent a letter to the US Securities and Exchange Commission’s (SEC) Crypto Task Force, urging stricter regulatory oversight of tokenized stocks. The organizations argue that tokenized stocks “mimic” the equities they are designed to represent but lack the investor protections built into traditional markets. Read more
ISLAMABAD: The Federal Public Service Commission (FPSC) has decided to introduce a major change in the recruitment process for government posts from Grade 16 to Grade 21, ARY News reported. All recruitment examinations will follow a new Multiple Choice Question (MCQ)-based format, starting September 21, 2025. According to sources within the FPSC, candidates will be […]
B Strategy plans to follow the playbook of 10X Capital, which recently secured funding for a BNB treasury supported by YZi Labs. B Strategy, a digital asset investment firm founded by former Bitmain executives, plans to launch a $1 billion crypto treasury focused on investing in BNB, the native token of the Binance ecosystem. According to a Monday announcement, the new BNB (BNB) treasury is backed by YZi Labs, the family office of Binance co-founder Changpeng Zhao. The new company will be structured similarly to 10X Capital, which recently launched a BNB treasury with YZi Labs’ support, a spokesperson for B Strategy told Cointelegraph. Read more
Shares in Puma SE surged after Bloomberg reported on Monday that the holding company of France’s Pinault family is weighing options for its 29% stake in the German sportswear maker including sounding out potential buyers. The Pinault’s holding company, Artemis, which controls Gucci-owner Kering (PRTP.PA), opens new tab and other businesses in the luxury, arts […]