Digital Today reporter Chi-gyu Hwang (황치규) said Cointelegraph reported on Thursday that Binance, the world's largest cryptocurrency exchange, plans to bring back a tokenised stock service it halted after 2021.

Binance offered crypto versions of shares in major companies such as Tesla, Apple and Microsoft, but stopped the service in 2021 after pressure from financial regulators. Germany's Federal Financial Supervisory Authority (BaFin) and Britain's Financial Conduct Authority (FCA) warned Binance's stock token service could amount to trading unregistered securities.

A Binance spokesperson said, "Connecting traditional finance and cryptocurrency is a natural evolutionary process." The spokesperson added, "We have supported tokens based on real-world assets since last year, and recently launched the first regulated traditional finance futures contract settled in stablecoins."

U.S. cryptocurrency exchange Coinbase is also reviewing the introduction of tokenised stocks. But Cointelegraph said the U.S. Senate Agriculture Committee and Banking Committee are discussing legislation to establish a market structure for digital assets, and tokenised stocks could effectively be banned if the bill passes.

Coinbase CEO Brian Armstrong said, "If the bill passes as it currently stands, tokenised stocks will be banned," opposing the measure.