The Bank of Russia is a Russian mega-regulator that is designed to regulate the Forex market in Russia. But this is not enough for him. The mega-regulator has turned its attention to over-the-counter trading, in particular, CFDs and Binary Options. So now the Central Bank is studying international practices and the possibility of using them, at least partially, in the Russian market.
The Central Bank examines these instruments in detail, gives them a complete and clear definition, and then refers to the Belgian regulator, which banned the advertising of binary options and the distribution of bonuses in Belgium.
It is difficult to say what the Central Bank will do and what it will decide. Will he follow the example of his Belgian colleague, or will he go his own way?
