distribution ban that was already in force for certain products, such as financial products with Bitcoin or other cryptocurrencies as their underlying. Jean-Paul Servais, chairman of the fsma, stated: The fsma has repeatedly issued warnings about the risks associated with these products. Beyond just the continued complaints and warnings it is likely that the Belgian watchdog was spurred on by the recent decision by fellow francophone nation. Therefore it proposed establishing a framework regulating the distribution of OTC derivatives and to prohibit the distribution of certain types of these products. Belgian Minister Johan Van Overtveldt, the Minister of Finance, Johan Van Overtveldt, remarked: In recent years, we have seen a rise in the number of foreign offerors of products such as binary options that approach the Belgian market without having an authorization and /or. Go to article The second element of the ban regards aggressive sales tactics, or as the fsma calls it inappropriate distribution techniques (cold calling via external call centres, inappropriate forms of remuneration, fictitious gifts or bonuses, etc.) used when distributing OTC derivatives to consumers.
2019 "Forex Magnates Inc. Terms, Cookies and Privacy Notice). Henceforth, it will be clear to everyone that binary options and other speculative derivatives have no place on the Belgian retail market. Suggested articles, nEXT block sofia.0 Fabulous Blockchain After-Party. Yet the fsma continues to receive complaints about these products. France to ban forex and binary options advertising, as was predicted by Finance Magnates on Monday.