Ban on Binary Options – the Start of a New Trend?
Posted: Tue Mar 22, 2016 9:55 am
This article was written by Tal Itzhak Ron and Aviya Arika from Tal Ron, Drihem & Co. Law Firm
The most interesting thing going on in the legal scene of binary options lately is the controversy among regulators about whether binary options are considered financial instruments or gambling.
Although the terminology is purely financial, some jurisdictions are still not buying it and are keen on highlighting the risky nature of the product.
Most of the regulators that are debating this question have leaned over the financial character of binary options. This includes, for example, CySEC, the Netherlands, and the UK.
In the Isle of ... (read more)