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How Much Will it Cost to be a Russia-Regulated FX Broker?
Last month we reported that the Russian government was discussing a bill on regulating the forex sector and we promised to keep you up to date with the matter. And April has brought some development in that respect: for starters, the government approved the draft of the bill and it's about to be discussed by the State Duma (one of the chambers of the Russian parliament). If everything goes as planned, the bill will become a law and will come into effect on January 1, 2014 – quite a speedy move for a country in which the FX sector has remained unregulated for more than 20 years. We got access to the full text of the ... (full story)