Israeli Government Approves New Binary Options Law

[kreslik.news]

A major milestone has been reached today, with the approval of an amendment to the securities law by a ministerial legislative committee of the Israeli government. The amendment will ban the marketing of binary options to foreign citizens by Israeli providers.

If the new law is passed, binary options providers will be prohibited from doing business with foreign citizens. It states that the marketing of this product will fall under money laundering legislation “in light of the fraudulent nature that might accompany this industry.”

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