Investors Welcome Harder Israeli Regulations

The trade in binary options has been linked with large-scale fraud, to the degree that the FBI in March issued a warning to investors.
“Binary options are a win-or-lose, hence binary, bet on the movement of a stock, commodity or, often, a currency.
“As the country’s chief regulator, Hauser recently likened the damage done by binary options to that inflicted by “blood diamonds”.
Investors in Israel’s high-tech sector have reacted with relief to a new ban on trading binary options to foreign clients that the government approved yesterday (June 18).
Many binary options firms that international clients have complained about are based in Israel, investigations by The Times of Israel and Reuters have shown.

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