BaFin Prepares to Permanently Ban Binary Options

[kreslik.news]

Binary options have long been identified by regulators as a toxic product. Today the German regulator is taking things to the next level with the introduction of a permanent ban for offering binaries to retail traders.

The German financial regulator, BaFin is rolling out a measure that is set to inherit the ESMA’S temporary product intervention measures under MiFID.

According to an official publication made on the website of BaFin, the marketing, distribution and sale of binary options to small investors is going to get banned.

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