losses binary option traders in various countries have suffered. More than 100 operators are estimated to be based in Israel, a technology hub. The Israeli Supreme Court has scary game for ps4 free upheld the decision to put an end to binary options in and from Israel once and for all. The sites selling binary options cause serious harm to Israels image, encourage anti-Semitism and have hurt Israels foreign relations, said then-ISA chairman Shmuel Hauser.
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According to an analysis conducted by Finance Magnates last year, the binary options industry contributes over.25 billion USD to the Israeli economy yearly, and employs approximately 5,000 people. The final nail in the coffin was the. In addition, the Israeli Securities Authority (ISA) will include the ban on marketing binary options to Israelis, which has been in effect from March of last year as an ISA temporary order. Foreign exchange brokers with an Israeli license will not be allowed to offer FX or onboard clients of foreign countries if they dont hold a license in those countries, according to a draft of the law obtained by Finance Magnates. The penalties for violators of the law include jail time of up to 2 years. The Israeli regulator has disqualified an entire industry, which is recognized and regulated by many countries in the world, by using a personally identified correlation between a financial industry and a negative campaign that has been created against Israel, as the basis for his claims. Swiss Precision in Trading Technology, go to article Binary options involves betting on the movement of an asset, that is, whether the price will go up or down within a pre-agreed timeframe.
That being said, the entire binary options industry in Israel is feeling the impact and has been forced to take defensive measures. Hauser revealed his intention to introduce a legislative amendment that will ban binary options offered to non-Israeli traders and grant the ISA the power and authority. The sites selling binary options cause serious harm to Israel s image, encourage anti-Semitism and have hurt Israels foreign relations, said then-ISA chairman Shmuel Hauser.