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On March 7, 2016, a new regulation on forex operations in Belarus has come into force. Before this date, the activities of forex companies in the country were not regulated, and the absence of explicit definition created a risk that forex brokers’ operations could be classified as illegitimate activities.
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Understandably, this confusion will extend until the industry players come to grips with the policy set to control foreign exchange companies in Belarus. Accordingly, and based on high interest in this jurisdiction, the Financial Commission ... (read more)