Visa is taking steps to restrict the access of international binary options trading providers in the North American market.
Documentation sent by the company to card issuing authorities and purchasers was provided, to those who process card-related information, with instructions on what to do for trading companies selling binary options trading services in the United States and Canada. The company warns that there have been a significant number of reports of fraud and falsification, and all of them relate to trading service providers, so all measures necessary to stop this have been taken.
Representatives of the company Visa explain the current problem by the fact that most binary options services are sold through platforms that operate in countries such as Cyprus, Israel – many of the providers are not registered in order to conduct business in the United States or Canada. And even if Clients from United States or Canada and Can Get access to Use Platform, but the platforms are not regulated by either the US or Canadian regulatory authorities. This means, that the platform can meet the requirements, presented in the United States and Canada, Or maybe completely violate them.
If this continues, the number of offshore binary options platforms targeting the US and Canadian markets, further measures will be taken to restrict access to investment. In the meantime, regulators have limited themselves to warning investors that their investments are far from safe.
