CySEC Officially Withdraws CIF License of B.O. Tradefinancials

[kreslik.news]

The Cyprus Securities and Exchange Commission (CySEC) confirmed on Tuesday that it has wholly withdrawn the Cyprus Investment Firm (CIF) License of B.O. Tradefinancials Ltd, a subsidiary of TechFinancials (LON:TECH), as of June 25, 2018.

TechFinancials (LON:TECH), a UK-listed trading technology provider for the financial industry, has already announced plans to sell its Cyprus-based business as the company moved away from the binary options industry. TradeFinancials, which first entered the space in 2009, has notified the Cypriot regulator in March of its intention to renounce its CIF authorization.

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The move came a few ... (read more)