The Canadian Securities Administration (CSA) – the body unifying all regional financial markets and services regulator – has published for comment a “National Instrument” intending to ban trading in binary options altogether. The document, entitled “Prohibition of Binary Options” would prohibit advertising, offering, selling or otherwise trading a binary option to an individual. The organization encourages comments by May 29, 2017.

“We are deeply concerned by the increasing number of investor losses and complaints resulting from binary options,” said Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the Autorité des marchés financiers.

A great step from CSA. The other reputable commissions needs to follow also.

Good start. Not quite sure that the others will follow, because the binaries have their adherents and they have to trade somewhere

I do not believe all, but most likely the most reputable.

Very good decision.