Bittrex, buy stocks with BTC. Good but is it legal?

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Cryptocurrency exchange Bittrex launched tokenized stocks.

With USDT, USD or Bitcoin, you can buy major stocks in Bittrex.

Apple, Amazon, Google, Pfizer, Alibaba, Bilibili, Tesla and more.

Here is Apple - USDT pair as an example.

All looks very good and expected movement in crypto sector.

But...

Selling stocks requires many financial licenses and needs clear approval from SEC.

Honestly I have no idea about Bittrex's recent approach to tokenized stocks based on legal ground or not. I hope that they got all legal requirements before its launch.

1934 National Securities Act, Section 6. Any exchange that provides a platform to exchange American securities, must register to SEC.

List of registered exchanges are in SEC website.

https://www.sec.gov/fast-answers/divisionsmarketregmrexchangesshtml.html

 https://www.publish0x.com

Regulation and Society adoption

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