{
  "dataset": "Fixed-Time Trading Regulation Map 2026",
  "url": "https://brokergrove.com/regulation-map/",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "last_verified": "2026-07-06",
  "fields": [
    "Country",
    "Regulator(s)",
    "Fixed-time options status",
    "Key law / document",
    "Date",
    "Notes"
  ],
  "rows": [
    {
      "country": "Bangladesh",
      "regulators": "BSEC / Bangladesh Bank",
      "status": "Grey zone",
      "law_document": "Foreign Exchange Regulation Act 1947; Bangladesh Bank crypto prohibition",
      "date": "1947 / ongoing",
      "notes": "No local licence for the platform; resident forex is restricted and crypto is barred."
    },
    {
      "country": "Pakistan",
      "regulators": "SECP / State Bank of Pakistan",
      "status": "Warning issued",
      "law_document": "SECP investor alerts on unlicensed online trading",
      "date": "ongoing",
      "notes": "Not licensed; SECP warns on unlicensed platforms and the SBP restricts crypto."
    },
    {
      "country": "India",
      "regulators": "RBI / SEBI",
      "status": "Warning issued",
      "law_document": "RBI Alert List of unauthorised forex platforms",
      "date": "updated 2024–2026",
      "notes": "Named-category on the RBI Alert List; FEMA exposure for residents."
    },
    {
      "country": "Nepal",
      "regulators": "Nepal Rastra Bank",
      "status": "Banned / blocked",
      "law_document": "NRB online-forex prohibition; crypto criminalised",
      "date": "2019 onward",
      "notes": "Online forex is unauthorised and crypto dealing is a criminal offence."
    },
    {
      "country": "United Arab Emirates",
      "regulators": "CMA (ex-SCA) / DFSA / FSRA",
      "status": "Grey zone",
      "law_document": "SCA→CMA transition, Federal Decree-Laws No. 32 & 33 of 2025",
      "date": "1 Jan 2026",
      "notes": "No licence category for offshore fixed-time platforms; crypto is legal under VARA."
    },
    {
      "country": "Qatar",
      "regulators": "QFMA / QCB / QFCRA",
      "status": "Grey zone",
      "law_document": "QCB Circular No. 6/2018; QFC Digital Assets Framework",
      "date": "2018 / Sep 2024",
      "notes": "No regulator has named the platform; crypto dealing by financial institutions is restricted."
    },
    {
      "country": "Oman",
      "regulators": "FSA (ex-CMA) / CBO",
      "status": "Warning issued",
      "law_document": "FSA warning on unlicensed platforms; VASP Decision No. E/35/2023",
      "date": "16 Mar 2025",
      "notes": "General warning issued (no platform named); regulated crypto access is narrow."
    },
    {
      "country": "Saudi Arabia",
      "regulators": "CMA / SAMA",
      "status": "Warning issued",
      "law_document": "CMA anti-unlicensed-trading campaigns; Fiqh ruling on binary options",
      "date": "ongoing",
      "notes": "Active enforcement; binary options are separately classified as maysir (prohibited)."
    },
    {
      "country": "Kenya",
      "regulators": "Capital Markets Authority",
      "status": "Banned / blocked",
      "law_document": "CMA Online Forex Trading Regulations, Reg. 16(4)",
      "date": "2017",
      "notes": "Binary options are prohibited even for locally licensed brokers — no legal route exists."
    },
    {
      "country": "Egypt",
      "regulators": "FRA / CBE",
      "status": "Banned / blocked",
      "law_document": "Banking Law No. 194/2020 (crypto)",
      "date": "2020",
      "notes": "Crypto is a criminal offence (fines + prison); unlicensed forex is warned against."
    },
    {
      "country": "Morocco",
      "regulators": "BAM / AMMC / Office des Changes",
      "status": "Grey zone",
      "law_document": "Joint crypto warning (2017); regulation draft pending",
      "date": "2017 / 2025",
      "notes": "No local licence; crypto has been restricted since 2017."
    },
    {
      "country": "Algeria",
      "regulators": "COSOB / Bank of Algeria",
      "status": "Banned / blocked",
      "law_document": "Law No. 25-10 (crypto criminalisation)",
      "date": "24 Jul 2025",
      "notes": "Buying, selling or using crypto is criminalised — there is no legal deposit on-ramp."
    },
    {
      "country": "Indonesia",
      "regulators": "Bappebti / OJK",
      "status": "Banned / blocked",
      "law_document": "Bappebti block of 92 binary-options domains (qxbroker.com named)",
      "date": "Feb 2022",
      "notes": "The platform's domain was blocked; criminal cases have targeted promoters."
    },
    {
      "country": "Angola",
      "regulators": "CMC / BNA",
      "status": "Grey zone",
      "law_document": "Lei 3/24 (crypto: mining banned, trading legal)",
      "date": "2024",
      "notes": "No regulator statement on the platform; buying/holding/trading crypto is legal."
    },
    {
      "country": "Cameroon",
      "regulators": "COSUMAF (CEMAC) / BEAC",
      "status": "Grey zone",
      "law_document": "BEAC caution; no CEMAC licence for the platform",
      "date": "ongoing",
      "notes": "Not licensed regionally; crypto is not legal tender."
    }
  ]
}