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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
16.11.2022
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial...
UAE regulator adopts blockchain to speed up commercial judgments
16.11.2022
ADGM Courts aims to "massively transform the delivery of judicial services," said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts
South Korean Regulator Set to Launch Crypto Auditing Guidelines
16.11.2022
South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX....
Read More: South Korean Regulator Set to Launch Crypto Auditing Guidelines
US national crypto laws should look like New York's, says state regulator
16.11.2022
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
15.11.2022
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events...
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’
13.11.2022
“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas...
Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals
13.11.2022
Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
13.11.2022
The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations
Japanese Regulator Slaps FTX Japan With Business Suspension Order
12.11.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes...
California Finance Regulator Revokes BlockFi's Lending License
11.11.2022
California's Department of Financial Protection and Innovation announced Friday it was moving to revoke BlockFi's lending license
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
11.11.2022
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator...
New Regulations Won’t Choke Brazil’s Crypto Progress, Says Regulator
11.11.2022
The President of the Brazilian markets regulator has claimed that efforts to police the sector will not hamper the nation’s crypto progress.
Portal do Bitcoin quoted the President of the Securities and Exchange Commission (known locally as the CVM) João Pedro Nascimento as speaking at...
Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator
11.11.2022
The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities...
FTX Has European License Suspended by Cyprus Regulator: Report
11.11.2022
Cryptocurrency exchange FTX has had its EU license suspended by Cyprus' regulator
California Financial Regulator Announces FTX Investigation
11.11.2022
California's Department of Financial Protection and Innovation announced it was investigating FTX in a press release late Thursday
Breaking: Bahamas securities regulator freezes FTX assets
11.11.2022
The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator
FTX Assets Frozen by Bahamian Regulator
10.11.2022
The Bahamas Securities Commission said it was a “prudent course of action” to “preserve assets and stabilize the company.”
Japan's financial regulator requests FTX Japan halt operations
10.11.2022
Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in
FTX Japan Ordered by Regulator to Suspend Operations Following Withdrawal Halt
10.11.2022
Japan's Financial Services agency has ordered the local arm of Sam Bankman-Fried's crypto exchange to halt operations until December and put together a "business improvement plan."
Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations
9.11.2022
Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process.
But as the contagion from the collapse of the FTX leads to...