European Gaming Lawyer magazine Autumn 2015 | Page 27

In particular Cyprus as first mover in this
area is the host of a large number of binary
option brokers.
Although the AFM currently does not
regulate binary options, firms offering
binary options holding a licence as
financial services firms in other EU/EEA
jurisdictions, are allowed to do business
in the Netherlands (subject to certain
procedural safeguards). This is known as
“passporting”.
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