Exclusive: Skrill Asks Brokers Operating in EU for Licenses

[kreslik.news]

Unregulated brokerages offering their services in the EU are facing another payment option shut down. After MasterCard and VISA opened the floodgates, Skrill is the next payment option that is bowing to regulatory pressures.

In a letter sent to brokers earlier this week, Skrill demanded from brokers operating in the EU a copy of their financial services license. The company is citing recent changes to regulations and card scheme rules as the trigger for its request.

Binary options and contracts for difference (CFDs) are the instruments which have been explicitly mentioned by Skrill. The company is requesting the additional documentation to be ... (read more)