I just read (and am shocked) that the Cyprus government has, with immediate effective, have stipulated that brokers which operate under the CySeC license and that comply with MiFID rulings, will only allow them to attract clients from Europe (including UK) only. They will no longer be able to accept clients from any jurisdiction outside of the European Union.
Therefore, all CySec brokers are breaking the law if they are accepting non-EU clients.
Is Cyprus really that stupid, or is it related to troika?
Therefore, all CySec brokers are breaking the law if they are accepting non-EU clients.
Is Cyprus really that stupid, or is it related to troika?