The Israeli government has approved a bill to ban the entire
Israeli-based binary option industry and put a halt to its ominous
consequences.
The Bill was welcomed and approved by the Ministerial Committee
on Legislation, despite rumours maintaining that lobbyist for
binary option brokers intended to block the passage of the bill,
the latter has been successfully approved and welcomed by
authorities all over the country and will now be read before the
Knesset plenary, where it will be debated by the Knesset Finance
Committee and finally read a second and third time before the
Knesset plenary.
The binary options industry offers a simple two choice
possibility, the payoff is either you win money or nothing at all.
Frequently perceived as a potentially profitable short-term
investment; very often, however, this conceals a fraudulent network
of companies and brokers trying and succeeding in luring less
experienced investors into financial scams. Hundreds of
