CySEC reaches a €300,000 settlement with Banc De Binary Ltd


The Cyprus regulator CySEC announced that it had reached a settlement with the company Banc De Binary Ltd. for violations of the Investment Services and Activities and Regulated Markets Law of 2007.

The settlement that has been paid already is for the amount of €300.000.

Banc De Binary was an Israeli financial firm with a history of regulatory issues on three continents. The company operated an online trading website through which customers could buy binary options.