Russian Central Bank Grants Forex License to VTB 24, Denies 24option Parent
Posted: Wed Aug 31, 2016 10:14 pm
The Bank of Russia has published an update on the status of the forex market participants in the country. The Russian mega-regulator has issued a license to the retail forex oriented subsidiary of major Russian financial conglomerate VTB Group named VTB 24. At the same time, the Russian subsidiary of the parent company of 24option, Rodeler Russia has been denied a license after 9 months.
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The Russian central bank has been very selective in the issuance of retail forex licenses so far with the regulatory license ... (read more)