Binary Ban Put To Israeli Cabinet

Israel’s Cabinet was presented with legislation over the weekend which will bar retail financial trading companies working out of the country from offering binary options to overseas customers as the noose tightens globally around rogue retail financial trading operators.

The move followed comments last week from the head of the Israel Securities Authority (ISA), who reportedly told a conference in Tel Aviv that the country needed to act to correct the impression that Israel was “turning a blind eye” to a product that in terms of reputation could be likened to “blood diamonds”.

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