The watchdog states in its announcement that the suspicious company is situated at Long Lane, London, EC1A 9ET, and that it operates through the website www. Although not blatantly claiming to be FCA regulated, it is clear from visiting its website that Janus Options is indeed attempting to mislead investors that it is offering a legal product through using the details of an authorised firm operating under Bitcoin expansion name Janus Capital International Ltd.
The growth of the binary options market and concerns about consumer protection have prompted the UK Government to consult on proposals to treat binary options as a financial rather than a gambling product. This would mean binary options will be regulated by the financial watchdog, in line with practice across most of the EU.
Besides clarifying that the firm in question lacks the proper authorisation to be targeting British customers, the FCA also said in its official statement that it strongly advises investors to only deal with financial firms that are authorised, and check the Financial Services Register to ensure they are.