Results 1 to 9 of 9
  1. #1
    UFX Affiliates is offline Non-sponsor Affiliate Program
    Join Date
    September 2016
    Posts
    20
    Thanks
    17
    Thanked 2 Times in 2 Posts

    Default Visa Tightens Screws on Binary Options, Targeting US and Canada

    Month ago Visa and now Mastercard
    How long do you think Binary industry will survive?

  2. #2
    Muppet is offline Private Member
    Join Date
    December 2007
    Posts
    575
    Thanks
    165
    Thanked 659 Times in 289 Posts

    Default

    Hopefully not very long.

  3. The Following User Says Thank You to Muppet For This Useful Post:

    Sherlock (23 November 2016)

  4. #3
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,149
    Thanks
    1,254
    Thanked 3,259 Times in 1,812 Posts

    Default

    Also how long Visa and MC will survive, if less and less goods and services can be bought with them and fees from cc transactions are forcibly slashed by governments?
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  5. #4
    Muppet is offline Private Member
    Join Date
    December 2007
    Posts
    575
    Thanks
    165
    Thanked 659 Times in 289 Posts

    Default

    I think its a stretch to say "less and less goods and services" can be bought with a credit card. From inside the gambling industry it may appear that way but I would imagine with the ubiquity of online shopping these days that the reality is that they can be used "more and more". I certainly don't see them going away any time soon.

    I read an article today about some Aussie guys who run a binary options site in conjunction with an Israeli. They are being pursued by ASIC here which is a serious deal as they regulate the financial services markets. And they recognise binary options for the "investment" scam that they are. We can only hope that action like that speeds the demise of this crooked industry.

  6. #5
    UFX Affiliates is offline Non-sponsor Affiliate Program
    Join Date
    September 2016
    Posts
    20
    Thanks
    17
    Thanked 2 Times in 2 Posts

    Default

    Quote Originally Posted by Muppet View Post
    I think its a stretch to say "less and less goods and services" can be bought with a credit card. From inside the gambling industry it may appear that way but I would imagine with the ubiquity of online shopping these days that the reality is that they can be used "more and more". I certainly don't see them going away any time soon.
    Agree. More and more products will be purchased by CC.

  7. #6
    Sherlock's Avatar
    Sherlock is offline Public Member
    Join Date
    December 2013
    Location
    WC
    Posts
    4,149
    Thanks
    1,254
    Thanked 3,259 Times in 1,812 Posts

    Default

    I would bet that most people would say that whole gambling is a crooked industry... the same as binary options.

    But one has to put morality aside. It is not important if people are so stupid, so they have to be protected; or if right of people are restricted by usurpers.

    Bigger share of economy really is full of desired scams and other bullshit. And people are willing to pay for that. But at the same time people can not buy those bullshits through legal channels (which are also restricted aka cashless economy).

    I am saying less and less goods and services can be bought with a credit card not from inside of gambling, far from that. There are new attempts to restrict new niches. Even in a soft forms, that are out of law. Like Operation Chokepoint:




    ... even the legal marihuana vendors and producers have difficulties with their bank accounts.

    So it is quite the opposite. Gambling is only a small part. We are not an exception. Human consumption is on the path from blacklist of some restricted items to whitelist of few allowed goods and services.

    I am far from saying that it is good or bad or anything else. It is an opportunity to make money for sure. And it is a gamechanger. And also - back to the topic - it is a disaster for credit cards and banks and good for alternative money.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

  8. The Following User Says Thank You to Sherlock For This Useful Post:

    UFX Affiliates (24 November 2016)

  9. #7
    UFX Affiliates is offline Non-sponsor Affiliate Program
    Join Date
    September 2016
    Posts
    20
    Thanks
    17
    Thanked 2 Times in 2 Posts

    Default

    Now Banc De Binary to Close Down.
    Who will be next?

  10. #8
    MrBinaryAff's Avatar
    MrBinaryAff is offline Private Member
    Join Date
    August 2014
    Location
    Leeds, UK
    Posts
    743
    Thanks
    200
    Thanked 231 Times in 188 Posts

    Default

    Quote Originally Posted by UFX Affiliates View Post
    Now Banc De Binary to Close Down.
    Who will be next?
    Nadex, Daweda and IG is the future of binary options, but I think other brokers will survive they just might move from Europe etc. Banc de binary might open a new broker, just to start from scratch
    My website: http://mrbinary.co.uk/

    Follow me on Twitter: https://twitter.com/MrBinaryAff
    Like my pictures on Instagram: https://instagram.com/mrbinary

  11. #9
    roccolondon is offline Public Member
    Join Date
    January 2017
    Posts
    15
    Thanks
    0
    Thanked 5 Times in 2 Posts

    Default

    There will always be a way as long as there is demand


    Sent from my iPhone using Tapatalk

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •