The Cyprus Securities and Exchange Commission (CySEC) has set limitations on the trading conditions of CFDs on cryptocurrencies offered by its charges.

Probably the most significant part of the document concerns the banning of exercising of EU passporting rules when offering CFDs on cryptocurrencies. In other words, if trading in cryptocurrencies or products with them is forbidden in a given EU or third country, the broker should not offer those products in it.

Also, under the new rules, the brokers must not offer to retail clients a leverage of more than 1:5 on those instruments and the volume of crypto CFDs should not exceed 15% of the total turnover of the broker per quarter.

I'm glad CYSEC is clamping down on the Israelis,Instead of killing the FX biz like France and Belgium have tried to do they are cleaning it up.

I think we'll be seeing more such measures taken by various regulators in the coming years.

I think tightening of the regulations for the cryptocurrencies trading is needed, because they become more and more popular among traders, investors and especially for people having no clue how the financial markets are driven, who have been just heard that " ... in two month the investment in bitcoin raise up with 20% (example) or 50% from the begging of the year ... etc.). All this seems to be very similar how the emerging market are developing and how the "balloon is going bigger and bigger" until it blows up. And this will happen when just the common people starts to buy and to speak about the cryptocurrencies - just because everybody is buying a lot presuming he/she is just on one step to become millionaire

You are right mlawson71 , as this industry evolves, regulators will certainly create new rules that reflect the specific situation of cryptocurrencies.

Fully agree with FrancoisT. The crypto markets needs to be very tightly monitored and regulated.

Bitfinex, one of the largest cryptocurrency exchanges by trading volume, said it will fully terminate its services for individual US customers by November 9th. The first announcement on Bitfinex’s intentions in that regard was made in August and US customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform.

By November 9th Bitfinex will shut down all functionalities for US clients, including trading, deposits and withdrawal. Additionally, US individual customers will no longer be able to provide financing on Bitfinex.

New Zealand’s financial markets and services regulator, the Financial Markets Authority (FMA), has come out with a formal commentary on the hot topic of cryptocurrencies and Initial Coin Offerings (ICOs), noting that they are risky and must be regulated.

In its document FMA outlines the apparent risks of investing in ICOs and/or cryptocurrencies like them being a scam, or dealing with unregulated overseas entities, which are hard to track, in case something goes wrong.

mlawson71 wrote: Fri Oct 27, 2017 11:12 pm Bitfinex, one of the largest cryptocurrency exchanges by trading volume, said it will fully terminate its services for individual US customers by November 9th. The first announcement on Bitfinex’s intentions in that regard was made in August and US customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform.

By November 9th Bitfinex will shut down all functionalities for US clients, including trading, deposits and withdrawal. Additionally, US individual customers will no longer be able to provide financing on Bitfinex.

Thus far with US being the land of the free. United States has erected a significant regulatory barrier which has made it difficult for companies like Bitfinex to do business because it is costly and challenging to comply as well

very interesting read, mwlawson71. Thank you for sharing