Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers.
ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary
The Australian Securities and Investments Commission (ASIC) announced it had canceled the financial services license of FTX Australia, a company owned by the failed crypto exchange FTX which filed for bankruptcy in the United States last fall.
“ASIC has cancelled the Australian financial services (AFS) license held by FTX Australia Pty Ltd (FTX Australia), effective from 14 July 2023,” the regulatory body said in a press release published Thursday on its website.
Under the cancellation terms, FTX Australia will be permitted to provide limited financial services related to the termination of existing derivatives with clients until the end of July 12, 2024,
We współpracy z: https://news.bitcoin.com/securities-commission-cancels-ftx-australias-license/
