Skrill is joining the fight against unregulated brokers

It is not even a month since the two biggest card providers, Visa and MasterCard, announced to fight unregulated brokers and ICOs. Skrill is the next payment option to join the fight as they started demanding from brokers operating in the EU a copy of their license to prove they operate legally. Brokers that fail to provide it will face a huge problem as all UK and European clients will since the 30th of November no longer be able to transfer funds to such entities.

It seems like the EU authorities are finally starting to do whatever is in their power to eliminate the abusion of EU clients. It is more than likely that other popular payment systems like Neteller, Webmoney, Fasapay, and Sofort will follow this trend, making it very hard for unregulated companies to provide their services to the citizens of European Union. Are you happy about this news as we are? Share your thoughts in the comments section below 🙂

Source: financemagnates.com



Michael
Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.

Leave a Reply