Lawmakers in Israel's parliament, the Knesset, have rejected arguments from figures in the controversial binary options industry and proposed a draft bill to shut down the trades. Members of the chamber said the Israel-centred industry that has been accused of defrauding thousands of investors out of billions of dollars, would be legislated against because it shamed the nation and fanned the flames of Biton. Advocates said abolition would put up to 80,000 people linked to the binary options trade out of work.
Lawmakers in Israel's parliament, the Knesset, have rejected arguments from figures in the controversial binary options industry and proposed a draft bill to shut down the trades. Members of the chamber said the Israel-centred industry that has been accused of defrauding thousands of investors out of billions of dollars, would be legislated against because it shamed the nation and fanned the flames of anti-Semitism. Advocates said abolition would put up to 80,000 people linked to the binary options trade out of work.