The National Bank of Belarus has granted a new regulatory license to Capital.com. It is a company that operates globally under a Cypriot license. This event ranks Capital.com as the 14th company to be granted a license to operate in Belarus. In contrast to the severe consolidation and monopoly in the Russian market resulting from the country's regulatory framework, the approach of the National Bank of Belarus is more based on competitiveness.
The company has launched a new website, capital.com.by, localized to fit the new regulatory mandate. When visiting the site, a message appears indicating to customers that the company will soon open its doors for business.
Capital.com's expansion into Belarus comes at a difficult time for forex and CFD brokerage firms. Aside from the new ESMA regulatory requirements that caused a sharp drop in trading volumes for international brokers, the forex market has lately been less volatile than usual.