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UK regulator warns against unlicensed binary options providers

17th April 2015 6:18 am GMT

The UK Gambling Commission has warned consumers of the dangers of unlicensed overseas binary options providers, as regulation of the product is transferred from the gambling regulator to the Financial Conduct Authority (FCA), creating a window for unlicensed companies to target UK customers.

Her Majesty’s Treasury has concluded that binary options do not fall under the purview of the Gambling (Licensing and Advertising) Act 2014, with a consultation on the tranfer to the FCA open until [...]

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