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Cyprus government at odds with CySec: Whilst regulator protects small FX firms, hedge funds are the priority from Nicosia
Now is an opportune time for the island of Cyprus. Whilst CySec’s interest is to keep as many small FX firms in business and has encouraged binary options which has led to the spread of ICOs, the central government is looking toward moving the bucket shops out and moving the hedge funds and family offices in. Here is a great opportunity for the institutional FX sector. During the course of the past decade, the island of Cyprus, a strategically placed former British colony which bridges the cultural and geographical gulf between East and West and holds the unique economic and political stature as the only European ... (full story)