Israel and reports on local media. Israel to slow the war on binary options industry to avoid sparking a wave of mass layoffs, many in and outside the government see binary options industry as a stain. Will the parliament relax regulations of binary options industry or tighten them? In binary options trade, an investor gains by correctly predicting the price movement of an asset such as a stock or currency pairs like EURUSD or USDJPY. The payments card companies are declining to process deposits to binary options firms operating in jurisdiction where the activity is outlawed. According to Hauser, binary options trade is an illegal gamble disguised as investment. But the industry has recently been marred with claims of scam, sparking a wave of complaints and inviting regulatory wrath. Other than regulators, payments processors such as Visa and MasterCard have also joined the war against binary options firms. Israel and it is taking the war abroad.
Several European Union member countries have already banned marketing of binary options products in their jurisdictions or are working on legislations to ban such activities. While there are regulated binary options firms operating within the law and ethics, the rise of unregulated binary options brokers has tainted the industry and heralded an era of tough regulations for everyone. The lawmakers in Israel will on January 2, 2017 meet to discuss the hot subject of binary options. The ISA is also worried that the involvement of Israel firms in binary options trades is giving the country a bad reputation. While the parliament will be debating the state of binary options industry in Israel, the lawmakers are expected demand more action from the ISA to stop binary options firms based in the country from selling their products to overseas investors. And Belgium has taken the radical measure to issue a blanket ban on all retail binary options trading in the country. As for the case of Israel, handing the ISA more powers could effectively kill binary options industry in the country.
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