March 13, 2017, the FBI reiterated its warning, declaring that the "perpetrators behind many of the binary options websites, primarily criminals located overseas, are only interested in one thingtaking your money". "Demonetisation: ED arrests 2 bank managers for laundering". 21 In the online binary options industry, where the contracts are sold by a broker to a customer in an OTC manner, a different option pricing model is used. Weinglass, Simona; Horovitz, David (November 12, 2016). "IG Group officially responds to French FX and CFD advertising ban".
20 Axis bank is a participant in RBI's neft enabled participating banks list. Retrieved "About 15th icsi National Award for Excellence in Corporate Governance" (PDF). Proposed new regulations Pratley, Nils (December 19, 2017). 23 Binary options are often considered a form of gambling rather than investment because of their negative cumulative payout (the brokers have an edge over the investor) and because they are advertised as requiring little or no knowledge of the markets. "Banc De Binary Fined 125,000 by Cyprus Watchdog for Soliciting American Clients", Finance Magnates. "Axis Bank managers arrested for exploiting a gold scam money laundering loophole". "FBI says it's investigating binary options fraud worldwide, invites victims to come forward". Retrieved September 28, 2017.