Israeli parliament bans binary options industry

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Israel's parliament, the Knesset has finally passed the law banning the binary options industry. By a vote of 53-0, the 120-member legislature forbade the industry to operate from within the country and offer its products abroad. This, in essence, means the brokerages will have to shut down their call centers, which solicit new clients abroad.

The final version of the law that was approved by the MPs, has been trimmed in order to include just the binary options brokers, leaving a loophole allowing them to change their business model and continue operating.






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