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Israeli regulator seeks more power to crack down on binary option firms; A major blow to Israel's binary options industry? The Knesset already passed a law last year

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Israeli ministers vote to ban binary options sales

Israel cabinet approves ban on sale of binary options. Investors have accused some of these Israeli companies of transferring money between accounts without approval

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The binary options industry has been vastly operating from Israel for more than a decade, employs thousands of workers, and is said to bring in millions of dollars

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“Binary options in my view are like those blood diamonds, in that the mining process in Africa has exploited and harmed so many people,” Hauser stated.