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Canada has now banned binary options trading once and for all, joining the ranks of countries like Israel, France and the Netherlands.
According to the Canadian Securities Administrators (CSA) chair, binary options had become the leading type of investment fraud in the country. Back in March, the CSA had issued a warning to all Canadians, but they had still not banned binary options trading. This task force had created a website that would act as a resource to warn Canadians against trading binary options.
Furthermore, they coordinated their efforts with online advertisers and mobile app companies to prevent advertisements luring Canadians to trade binary options.