Attention: Russian Broker Scheme Continues To Chase Consumers in Eastern Europe
In Dec 2021, the Italian Consob ordered the blackout of Binarium's websites for Italian consumers. Spanish CNMV and Cyprus CySEC also warned against the broker scheme, which operates with boiler rooms located in Russia, Latvia, and Ukraine. Binarium stopped EEA residents' registration and is focused on Eastern European markets. The scam works with Russian payment processors and cryptocurrencies. Stay far away!