Credit card provider MasterCard applies restrictive rules to unregulated forex and binary options brokers, crypto providers and ICOs. A new set of revised standards entered into force for those classified as “high-risk securities merchants” and they will have to play by the rules and execute transactions only in jurisdictions where they are legally allowed to operate.
The e-payment provider Skrill is the next to crack down on unregulated forex and binary options brokers operating in the EU. Skrill has reportedly required all brokers offering their services in the EU to provide a copy of their license. If a company fails to submit the additional documentation required within 24 hours, its merchant account will be restricted regionally.