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Israel cabinet approves ban on sale of binary options

Reuters  |  TEL AVIV 

By Tova CohenTEL AVIV (Reuters) - Israel's cabinet on Sunday approved a new law banning the sale of binary options overseas by online trading firms based in Israel, a business that has drawn broad international criticism over allegations of illicit practices.The proposed amendment to the country's securities law was drawn up by the Israel Securities Authority (ISA) and other government offices and submitted to the cabinet by Finance Minister Moshe Kahlon.It now heads to parliament, where it is expected to be fast-tracked, giving it priority over other bills, an ISA spokeswoman said.The draft ...

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First Published: Sun, June 18 2017. 16:51 IST