Binary Options Banned By Google Play

In the policy update released in spring 2018, Google announced that it would prohibit all apps that allow binary options trading.

Google routinely updates the rules of its store, Google Play Store, at short intervals to ensure the safety of users and to monitor content.

The above update affected financial apps that deal with binary options, following similar mandates cracking down on other financial-related apps.

Initiated by Australia

The ban was launched by the Australian Competition and Consumption Commission. The Australian authorities had alerted Google following an analysis of online transactions in the last four years, in which it emerged that, because of binary options trading, hundreds of millions of dollars have disappeared undocumented.