The binary options broker, anyoption has sent out a notice to its affiliates. Informing that anyoption Binary Options affiliate traffic from France got suspended. Why was such a decision made?
anyoption Binary Options affiliate traffic from France suspended
Just two days ago, AtoZForex reported that after CySEC has introduced the new Circular earlier this month, it was reported that anyoption closed its Israeli call center. Moreover, the online reports claimed that anyoption is laying off nearly 80 employees. The news about anyoption just came right after last month Banc de Binary shut down.
Reportedly, a source from anyoption commented to the local Israeli media that it is not intending to shut down the business. When asked about the anyoption Israel call center, the spokesperson answered:
“Only the call center will be moved. The rest of the operations are live and working.”
Now, anyoption sent out the notes to its affiliates that it is no longer will be accepting traffic coming from France. The note states:
After internal discussions, anyoption has come to the decision to stop accepting traffic from France.
We will inform you if anything changes regarding this issue in the future.
Don’t hesitate to contact your affiliate manager or email us at [email protected] for further information or questions.
The anyoption affiliate team
Fundamental changes in global regulation
CySEC regulated anyoption is among a number of other Binary Options and Forex brokers that are still adapting to the new frameworks in various jurisdictions. Most importantly, the Israeli regulator is not allowing Binary Options brokers to solicit clients from overseas and CySEC news rules. The Cypriot regulator has required its licensed CIFs to execute all client-related activities in Cyprus or in another EU country.
CySEC has issued a Circular with a range of proposed changes to regulations. This aimed at improving the obligations of Binary Options brokers so that CIFs will “meet their compulsions in acting in the best interest of their clients”. Also, the circular forces regulated brokers to operate their sales and marketing department from their head offices or from EU-member countries. In regards to these initiatives, anyoption and other brokers are trying to actively adjust to the new rules.
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