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On May 3, 2012, the Cyprus Securities and Exchange Fee (CySEC) introduced a plan transform regarding the classification of binary options as monetary instruments. The outcome is binary options platforms functioning in Cyprus, wherever most of the platforms at the moment are primarily based, would have to be CySEC regulated within six months in the date of your announcement. CySEC was the first EU MiFID-member regulator to deal with binary options as financial devices.
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