CySEC Warns Investors about Bitcoins While Hello Binary Launches Them

CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term has become the latest financial regulator to issue a warning about virtual currencies. In a document published today, the regulator stated that it wanted to draw investor attention to a warning issued in 2013 from the European Banking Authority about virtual currencies. The CySEC warning stated that, “Since currently there are no specific regulations for the protection of persons who transact in virtual currencies, it is important that the public is informed about the dangers associated with them, including possible loss of money.”

CySEC though didn’t issue any references to whether they would prohibit or legalize companies and individuals from owning or dealing with virtual currencies. As such, this is a positive for the various Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and binary options brokers such as Markets.com and SpotOption that provide derivatives products of bitcoins. However, the existence of an investor warning could lead to the regulator placing limitations on how firms are allowed to market their bitcoin CFDs and options in the future. Overall, CySEC is relating that they are ready to follow the greater EU’s consensus about virtual currencies.

Hello Binary Launches Bitcoin Trading

In other bitcoin news in the trading sector, binary options provider, Hello Binary, announced that it was adding the digital currency to its platform, expanding derivative- based trading products available to brokers. A provider of SaaS white label binary options technology for brokers, Hello Binary displayed the new bitcoin trading feature at the just completed ICE 2014 London convention.