Bank of Russia to block websites of unregulated forex brokers

The financial regulator in Russia has decided to tighten the noose on unlicenced companies dealing in forex, it seems. The regulator will block the websites of these companies. This is according to Artem Sychev, the Deputy Head of the Central Directorate for Security and Information Protection at the Central Bank of Russia (CRB) during an interview with the news agency TASS.

The CRB wants some laws amended to cater for this. The proposed law seeks to bar companies that target Russian investors but are not authorized carry out forex business. The websites will have their addresses listed in a special register, automatically. The register will be kept by the Federal Service for Supervision in the sector of Telecom, Information Technologies and Mass Communications

The Central Bank of Russia will have the mandate to block financial websites that are deemed harmful. Sites with domain names ending .ru, .su and .рф that are not authorized to trade are particularly at risk of being blocked. The bank already signed an agreement the administrator of domain names in Russia. The regulator will not need to seek approval from courts, according to the new law. More domain names are going to be included in the list.

The bank of Russia hopes to use these measures to protect members of the public from rogue companies that operate unlawfully. The new rules will stem out financial fraud because it will make it hard for these unlicensed companies from attracting investors in the first place. The new financial atmosphere will create an environment for healthy competition amongst the licensed companies.

It’s good to note that only companies that hold licenses from the Central Bank of Russia to trade in forex are allowed to trade with Russian. Any firm operating without this forex license would be doing so unlawfully and risks closure, and being barred from trading indefinitely. Currently, only 8 forex firms are approved by the CRB. : Teletrade,Forex Club, Alpari, InstaForex, VTB 24, Finam Forex, TrustForex, and Promsvyazbank.

13 thoughts on “Bank of Russia to block websites of unregulated forex brokers”

  1. We’re a group of volunteers and starting a new scheme
    in our community. Your site provided us with valuable info to
    work on. You’ve done an impressive job and our whole
    community will be thankful to you.

  2. Gooԁ day! This is my 1st ϲomment һere so I just wanted to give
    ɑ quick shout out and tell үou I really enjoy readiing yohr articles.
    Ϲan you recommend anyy ᧐ther blogs/websites/forums that deal with
    the same subjects? Aρpreciate іt!

  3. Hello! This post could not be written any better! Reading this post reminds me of my good old room
    mate! He always kept chatting about this. I will forward this page to
    him. Fairly certain he will have a good read.

    Thanks for sharing!

  4. Alternative To Typical Synthetic Supplements Is Needed, Say Experts
    Entire dietary supplements is currently a topic of worldwide interest. A profusion of proof has recently come to light suggesting that normal synthetic multivitamin supplements may be hazardous to your health. Goran Bjelakovic, a respected scientist from the University or college of Copenhagen, headed up a massive meta-study that viewed the results of 67 placebo-controlled trials previously carried out to look for the effects of vitamin and anti-oxidant supplements on longevity. In the end, the analysis combined observations of 232 000 test topics. Through the use of such a big population sample, a study can become a lot more powerful with regards to spotting large-scale developments and overcoming human bias.
    The results of the analysis, published in the Journal of the American Medical Association, were nothing less than shocking. Taking a look at patients with diabetes, cardiovascular disease and lung cancer, as well as healthy, normal individuals, there is no apparent benefit to taking popular fractionated supplements like Vitamin A, Supplement E, Supplement C, Selenium, or beta-Carotene. In fact, the results proceeded to go in the opposite direction – there was a greater chance of loss of life (16 percent) amongst Vitamin A users, a 7 percent higher death count among beta-Carotene users, and a 4 percent mortality increase in Supplement E users. Retinol and Beta-Carotene, advertised as anti-carcinogenic agents, may promote lung cancer. That’s right – pills marketed as assisting you towards an extended, healthier life are actually correlated with a speedier demise. This scholarly study used typical supplements on the market made from synthetic vitamins.
    To add salt to the wound, a recent research published in the Uk Journal of Nutrition under the unimaginative title of “Ascorbic Acid Supplementation WILL NOT Attenuate Post-Exercise Muscle Soreness Following Muscle-Damaging Exercise But May Delay The Recovery Process” indicated that supplementation with anti-oxidants from synthetic resources may reverse lots of the beneficial ramifications of physical training.
    Now, this is not to say that anti-oxidants or vitamin supplements are bad for you. Far from it – these supplements were created on the basis of solid science. Anti-oxidants are thought to protect cells from the ravages of free radicals still. The nagging problem, rather, is the theory that you can get those benefits from synthetic isolated compounds. Disease and growing older are more complicated than test-tube studies can account for usually. Furthermore, the problem of bioavailability is an ever-present concern. Many typical synthetic supplements include large sums of the publicized vitamin, but absence the additional compounds needed to ensure that their key substances are actually ingested by your body. Passing straight through the digestive system, these ‘miracle health cures’ often wind up doing little beyond giving people expensive urine. To the rescue…Entire Food Supplements.
    Website: herb24.space

  5. Hello, I think your website might be having browser
    compatibility issues. When I look at your blog site in Chrome,
    it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then that,
    amazing blog!

  6. Hello! I know this is somewhat off topic but I was wondering which blog platform are you using
    for this site? I’m getting sick and tired of WordPress because I’ve
    had issues with hackers and I’m looking at options for another platform.
    I would be fantastic if you could point me in the direction of a good platform.

Leave a Reply

Your email address will not be published. Required fields are marked *