SÁB 18 DE MAYO DE 2024 - 11:10hs.
Central Bank could regulate them

Russia considers binary options as gambling instruments

According to the 2017 Annual Report of the Central Bank of Russia, local authorities take binary options for gambling instruments, which is why they are set to roll out a piece of legislation that will regulate them as such. The initiative differs from others adopted in some international gaming markets.

At a time when a number of countries in Europe and on a global scale have been making decisions to impose effective ban on binary options offering to retail clients, the Russian competent authorities seem to be taking a slightly different path.

This comes to prove that the country is probably going to use a gentler approach to regulate binary options, a step that differs from the ones taken by other countries in Europe and around the world, which have already moved to suspend binary options offering to retail customers.

As reported by FinanceFeeds, the Central Bank of Russia revealed in its report that it has actively taken part in the drafting of the bill which is expected to bring some changes to the Federal law on Securities, as well as to other laws of the country.

The new bill is set to be focused on unveiling some rules for binary options, with such gambling instruments’ offering is to be allowed only between gambling operators and players in casinos and gambling venues situated in special gambling zones.

Source: GMB / Casino News Daily