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ARTICLE · 24 JANUARY 2017

Israel's Fight Against Binary Options

Boccadutri International Law Firm
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The management of such a "toy" has resulted in the development of numerous activities related to betting and trading, most of which are unequivocally aimed at defrauding investors.

IsraelMedia, Telecoms, IT, Entertainment
Calogero Boccadutri
Calogero Boccadutri
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The analogy between binary options and gambling led the Israeli Parliament to adopt ever stricter laws to eradicate the Forex scam phenomenon in the Country, although this means prohibiting the whole online investments.

Unfortunately, Israel has become the home of gambling and online investments. Such a situation can be explained by the success of the Israeli software companies which, starting from military demands, have been able to develop sophisticated programs for processing large volumes of data. Firstly, it dealt with gaming platforms including integrated systems which allowed secure transactions; however, the shift from games to gambling and Forex has given rise to a phenomenon able to move millions of dollars.

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