Analysis: The Curious Case of BMFN Exiting the Chinese Market

[kreslik.news]

BMFN, an FX broker that has been operating in China for the past 10 years, has been suddenly asked to exit the country by the Chinese authorities.

The company issued a statement on the matter, which included the following message: “…in the past few months, with regulatory changes in China underway, BMFN has decided to undertake a series of reorganizations, BMFN’s business in China will also be adjusted, and BMFN will cease operations in its China office.”

Is BMFN an Isolated Incident?

BMFN believes that the step it has taken to leave China is necessary amid a broader market overhaul. Finance Magnates reached out ... (read more)