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Chinese government websites posting foreign FX broker warnings
Further to our report from last week that China regulators are changing their tune when it comes to Retail FX and starting to kick foreign FX brokers out of the country – which seems to have generated a lot of buzz and discussion in the industry – we have a follow-up report indicating that several Chinese government websites have indeed started posting warnings. The warnings, which seem to be escalating in nature, indicate that the government considers leveraged Retail FX and CFD trading to (technically) be illegal, unlicensed in its current form, and that it plans to be more stringent in enforcing against those ... (full story)
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