Breaking: Bank of Russia Officially Kicks Off Forex Brokers Regulation

[kreslik.news]

The second of May is the date of the official enactment of the retail forex regulatory regime in Russia. The Bank of Russia has today officially approved the basic standards for operation in the market. As of the 2nd of May, forex brokers that are officially regulated by the central bank will be able to advertise their products.

The news doesn’t come as a surprise and has been widely expected by retail forex providers that have already received official approval from the central bank. Companies that are approved by the Bank of Russia will also need to be members of the ... (read more)