The banishment of the bogus binary options industry operating
out of Israel has seen the exit of thousands of people formerly
employed in the fraudulent firms. The streets are noticeably
quieter as many firms have been quick to act in advance of the law
which comes into effect in January 2018 and have decamped to places
like Cyprus, Georgia and Belgrade.
However, not all the former fraudulent brokers' staff have
left the country as arising out of the binary options ashes is a
new challenge, that of affiliate marketing for cryptocurrency
brokers. Simona Weinglass of the Times of Israel reported a
couple of weeks ago that job advertisements for the new breed of
financial firms are attracting applicants by saying such things as
"experience with Forex and binary options field an
advantage". For the purposes of absolute clarity Bitcoin
and other ICOs are not inevitably fraudulent, it is just concerning
when recruitment of staff for the new cryptocurrency
