New Forex Regulations?

[bob1408]

Today, I come across a news kind of clip on one FX blog, if it's true it looks quite disturbing.

Apparently, in last G8 summit, they proposed a regulation (to take an effect after 1 year) that only banks with central bank license will be able to participate in FX markets. About 10 central banks license per country with about 10 pips spread

I made a quick Google search but couldn't find anything. Is this true?

 

[Waterfield]

no

 

[bob1408]

Thanks. It's a relief. That would have killed my style of trading.

What about new Obama Finance and Banking bill? Does it touch the FX markets in any negative way from the perspective of speculators?

 

[Waterfield]

no

 

[Devid Jones]

Some brokers have fully adapted to the new rules, some promised that they bypassed them elegantly while others just send you to their foreign subsidiaries.