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Australia Suspends Financial Services License of Local FTX Entity


Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....

FTX loses its license in Australia until May 2023


In light of FTX’s disclosure of its liquidity crisis, the business has no room to recover as it continues to suffer reputational damage around the world. As a result of a recent turn of events, the Australian Securities and Investments Commission (ASIC) has decided to put a suspension on...

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