Israel's anyoption has laid off about 80 employees amid a binary options trading crackdown. The closure of its Israeli call centre comes two weeks after EU (CySEC) published new rules on binary options providers working in non-European countries. The company, which is a CySEC-regulated CIF (Cyprus investment firm) registered as Ouroboros Derivatives Trading, said it was not closing down its business but moving its call centres out of Israel. New CySEC rules require brokers to operate their sales and marketing divisions either from their head offices or from the Cyprus Securities and Exchange Commission member state countries.
Israel's anyoption has laid off about 80 employees amid a binary options trading crackdown. The closure of its Israeli call centre comes two weeks after the Cyprus Securities and Exchange Commission (CySEC) published new rules on binary options providers working in non-European countries. The company, which is a CySEC-regulated CIF (Cyprus investment firm) registered as Ouroboros Derivatives Trading, said it was not closing down its business but moving its call centres out of Israel. New CySEC rules require brokers to operate their sales and marketing divisions either from their head offices or from EU member state countries.