ICYMI: Australia suspends FTX’s financial services license
FTX Australia can provide “limited” services until Dec. 19 related to terminating derivatives.
The Australian Securities and Investments Commission has suspended FTX Australia's financial services license in the country until May 15, 2023. "Until [December 19] 2022, FTX Australia can continue to provide limited financial services that relate to the termination of existing derivatives with clients," the securities regulator said in a statement.
"Prior to the suspension, FTX Australia’s license permitted it to deal in, make a market for and provide general advice relating to derivatives and foreign exchange contracts to retail and wholesale clients," the regulator said.for Chapter 11 bankruptcy protection in the U.S. on Nov. 11. KordaMentha's John Mouawad, Scott Langdon and Rahul Goyal were appointed voluntary administrators for FTX Australia that day, as well as a digital currency exchange known as FTX Express Pty Ltd.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research
Read more »
EXPLAINER: What's happening at bankrupt crypto exchange FTX?Problems mounted over the weekend for collapsed cryptocurrency exchange FTX, which was struggling to account for money that went missing hours after it filed for bankruptcy.
Read more »
Pissed, pessimistic and paranoid, FTX clients face new reality: 'It’s all gone.'“Should’ve known when he said he was a vegan altruist not to trust him.' FTX customers' reactions to platform's demise run the gamut.
Read more »
Bitcoin Miners' Balance Slides as FTX Collapse Weighs on CryptoBitcoin miners seem to be running down their coin inventory amid the FTX-induced market volatility. Reports godbole17
Read more »
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of 'Cascading Effects' – Economics Bitcoin NewsBinance CEO Changpeng Zhao compares the FTX collapse to the 2008 financial crisis, warning of 'cascading effects.' crypto cryptocurrency
Read more »
FTX’s Sam Bankman-Fried Starts Posting Mysterious TweetsFTX CEO Sam Bankman-Fried has published mysterious tweets that have puzzled the cryptocurrency community
Read more »