Exclusive: New Israeli Law Will Ban Marketing of Binary Options Abroad

[kreslik.news]

Israel is moving to ban Israeli firms from marketing binary options abroad. Foreign exchange brokers with an Israeli license will not be allowed to offer FX or onboard clients of foreign countries if they don’t hold a license in those countries, according to a draft of the law obtained by Finance Magnates.

In addition, the Israeli Securities Authority (ISA) will include the ban on marketing binary options to Israelis, which has been in effect from March of last year as an ISA temporary order. The Treasury Minister will be given the power to ban additional products as he ... (read more)