In an announcement in the section of its website devoted to Google AdWords policy, the internet search and advertising giant announced that beginning in June, it will restrict google binary option advertising of contracts for difference, rolling spot forex, and financial spread betting, as well as enforce an outright ban on advertising for binary options and cryptocurrencies.
In addition, Google stated, aggregators and affiliates, which are third-party advertisers for such investment websites, google binary option no longer be allowed google binary option serve ads for contracts for difference, rolling spot forex, financial spread betting, binary options, cryptocurrencies and related products. Over the last decade, Israel has become a global hub of investment scams, employing more than 10, new immigrants and foreign-language speakers in boiler rooms throughout the country, selling fraudulent binary options, forex, CFDs and cryptocurrency investments over the phone and internet to people abroad.
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The Knesset outlawed binary options in October, in the wake of investigative reporting by The Times of Israel since March The ban took effect on January 26 of this year. However, some binary options operatives have simply ignored the ban, continuing to offer the product from Israel, while others moved their operations abroad, and still others have begun offering fraudulent forex, CFD google binary option cryptocurrency investment products, taking advantage of a loophole in the binary options law that allows unregulated companies to tweak their product and continue targeting victims abroad.
An original draft of the binary options bill would have prohibited Israeli forex, CFD and other online trading companies from offering their wares to customers abroad without a license from the country they target.
The Times of Israel was told that online trading industry insiders managed to successfully lobby the Knesset to water down the bill so that the clauses covering other financial instruments than binary options were deleted. Facebook banned ads for binary options, cryptocurrencies and ICOs, or initial coin offerings, in January. In its announcement, Google said it would ban binary options and cryptocurrency ads outright while requiring that advertisers offering contracts for difference, rolling spot forex, and financial spread betting be certified by Google before they google binary option advertise through AdWords.
Google routinely updates the rules of its store, Google Play Store, at short intervals to ensure the safety of users and to monitor content.
At the very least, the bank accounts of the owners of these companies will grow much more slowly. Fraudulent cryptocurrency companies appear on the surface to originate from all over the world, and not just Israel, he said.
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