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The US has banned overseas binary options firms from targeting its citizens, and numerous countries, including the US, Canada and France, are investigating Israel-based binary options fraud on behalf of their citizens who have been cheated.
Belgium last week became the first European country to ban the industry, in a move that takes formal effect on Thursday, August 18. Branding the binary options industry in Israel repugnant, immoral and profoundly damaging to the country, Natan Sharansky on Monday urged Israeli regulators to do everything in their power to close it down.
It employs a large number of Israeli Arabs, and uses affiliates located in the Arab world.