It’s Official – Banc de Binary Shutting Down
See original CySEC document here
CySEC – Cyprus Securities and Exchange Commission has posted an announcement today regarding the licensing and regulation status of Banc de Binary on their website [cysec.gov.cy]. The announcement is as follows:
The Cyprus Securities and Exchange Commission (the ‘CySEC’) announces that, on 9 th January 2017, the Cyprus Investment Firm Banc De Binary Ltd (the ‘Company’) renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007 (the ‘Law’). As stated in the renouncement letter of the Company, which provided investment services via the domain eu.bancdebinary.com, its authorization with Νumber 188/13 lapses as from 15th of January 2017. It is noted that, in accordance with section 25(4) of the Law, Banc De Binary Ltd remains under the supervision of the CySEC until it settles its obligations arising from the investment services or/and activities that will lapse.
Nicosia, 11 th of January 2017
Clients that still have funds in their accounts have been asked to withdraw their funds and both Banc de Binary and CySEC have said that there should be no problems whatsoever with client withdrawals. Banc de Binary has ceased to accept new clients and is now officially shutting down.