Cyprus will request that the investment firm has authorization in the third country.
Banc de Binary
The Belgian regulator urges investors to contact the now-defunct company.
The French regulator urges traders to contact the broker and the Cypriot regulator.
Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
It will no doubt come as very good news indeed that the binary options business is beginning to be suffocated by the global regulator and government level discourse against it, as well as the public awakening, in that the shadow cast over our industry by it is likely to disappear, however the damage done will take time to repair
If even Belize will not license firms with a history of malintent, why does Cyprus continue to entertain them? – Op Ed
A comprehensive look at the actions of other jurisdictions with regard to nefarious binary brands and retail B-bookers that have a less than enviable history, and how CySec continues to uphold their licenses as Belize cans the license of Banc de Binary.
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