简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Hamas government in Gaza has reportedly banned trading in the Forex market without permission from the Ministry of Economy. According to The New Arab, the banning is for selling or buying foreign currencies, securities, or other currencies on foreign exchanges.
The measure excludes companies or banks that are already licensed.
Gaza banned any transactions related to 'network or pyramid marketing.'
The media outlet noted that the measure was taken amid growing complaints of fraud. Moreover, the statement issued by Hamas highlights that holding any courses or training programs related to forex trading is also prohibited, pointing out that anyone who violates the provisions of the decision will face serious legal consequences.
“A number of unlicensed individuals or companies in Gaza have exploited the goals for which they were founded, and have engaged in this trading with the intention of defrauding people who have no experience in this field,” Yaqoub al-Ghandour, an official at the Ministry of Economy, commented on the matter, who also said that ‘the Ministry’s office received several complaints of people who lost their money via forex trading.
The official claimed that between 80 to 80 percent of the people who traded in Forex in Gaza had lost their money. The decision, however, doesnt cover companies, banks, and other institutions that have already obtained licenses from the Monetary Authority delegated by the Palestinian Central Bank.
Ban on Pyramid-related Transactions
Previously, Gaza imposed a ban on ‘selling, buying, importing, trading, advertising or promoting any good or service through the network or hierarchical marketing by any means, whether electronic or non-electronic,’ referring to any network or pyramid marketing.
Some testimonies were collected by local press on people who allegedly lost their money because of forex fraud schemes, like a Gaza-based resident who sold her gold jewelry to invest in forex: “I deposited about $US 3,000 hoping to get double the amount as a profit (...) At first, the broker was giving me about $US 200 over four months, as it was my profit, and the capital is the same.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In recent years, blockchain technology has rapidly evolved from a niche innovation behind Bitcoin into a transformative force across industries. At its core, blockchain decentralization refers to the distribution of authority and decision-making away from a central entity and into the hands of a distributed network of participants. This shift redefines how data is stored and verified and paves the way for trustless, transparent, and resilient systems that challenge traditional centralized models.
The 2025 WikiEXPO Hong Kong Station is about to grandly open. the president of @Liberland, @Vít Jedlička come on stage, dialogue on trading security.
⏰ Countdown: 1 day. WikiEXPO2025's first stop, Hong Kong, is just tomorrow. Focus on transaction security and explore new investment opportunities. ???? Get ready to start now. See you tomorrow.
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.