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German [[Federal Financial Supervisory Authority]] (BaFin) has been regularly publishing investor warnings. On November 29, 2018, BaFin announced that it is planning to "prohibit the marketing, distribution and sale of binary options to retail clients at a national level".<ref>{{cite web|url=https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Pressemitteilung/2018/pm_181129_binaere_optionen_en.html | title=BaFin plans national prohibition of binary options for retail clients | date=November 29, 2018 | publisher= [[Federal Financial Supervisory Authority]] | access-date=December 8, 2018}}</ref>
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According to the Commodity Futures Trading Regulatory Agency (CoFTRA) in Indonesia, also known as BAPPEBTI, binary options are considered a form of online gambling and is illegal in the country. The move to delegalize binary options stems from concerns that the public may be swayed by misleading advertisements, promotions, and offers to participate in fraudulent practices that operate under the guise of binary options trading.<ref>{{Cite web|last=Dirgantara|first=Hikma|date=2022-02-03|title=Bappebti Blokir 92 Entitas Binary Option di 2021, Termasuk Binomo, IQ Option|url=https://investasi.kontan.co.id/news/bappebti-blokir-92-entitas-binary-option-di-2021-termasuk-binomo-iq-option|access-date=2022-02-07|website=Kontan.co.id|language=id}}</ref> As of 2 February 2022, at least 92 binary options websites, including Binomo, IQ Option, and Olymp Trade, have been classified as unlicensed operators and blocked by the Indonesian government.<ref>{{Cite web|date=2022-02-04|title=Indonesian regulators block illegal trading websites following complaints on social media|url=https://kr-asia.com/indonesian-regulators-block-illegal-trading-websites-following-complaints-on-social-media|access-date=2022-02-07|website=KrASIA|language=en}}</ref>
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