Binance was also offering futures trading to Italian customers without regulatory approval and without complying with local laws, Dagnino said, addressing the other allegation against Binance. “It is absolutely clear that when you are selling a future, especially with that type of leverage, it doesn't matter what the underlying asset is, it’s always a derivative and always a financial product,” Dagnino said.
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Binance Sued in Italy Over Exchange Outages, Hearing This Week - CoinDesk
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