An Israeli parliamentary committee that oversees government is expected to meet again on the issue in February. One of the world's largest and best-known traders in online binary options, Banc De Binary, has said it is "downsizing" its business "due to regulatory constraints". The company had been trading on a US exchange since July last year, but now operates out of an office in London. There are estimated to be more than 100 binary options firms in Israel and the fast-growing sector is plagued with allegations of fraud. The country's chief securities regulator, Shmuel Hauser, has already banned companies from selling binary options within Israel and is seeking to prevent them selling them abroad also.
One of the world's largest and best-known traders in online binary options, Banc De Binary, has said it is "downsizing" its business "due to regulatory constraints". The company had been trading on a US exchange since July last year, but now operates out of an office in London. There are estimated to be more than 100 binary options firms in Israel and the fast-growing sector is plagued with allegations of fraud. The country's chief securities regulator, Shmuel Hauser, has already banned companies from selling binary options within Israel and is seeking to prevent them selling them abroad also.