Business

MMA is Working on Creating a Legal Precedent for Forex Trading

Foreign Exchange Market Trading “Forex” Trading is an online platform for trading foreign currencies including buying, selling and exchanging currencies at current or determined prices.

According to Maldives Monetary Authority (MMA), there are traders of Forex in Maldives advertising via social media. MMA has warned them to be cautious for the risks that could occur from this since it has not been legally regulated by MMA yet.

According to a press release by MMA, they are working on generating a legal precedent for regulating Forex Trading and other requirements of it.

Full details are available from the link below:

Source URL: Corporate Maldives

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