Australia Suspends Financial Services License of Local FTX Entity

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 Australia Sees License Suspended After Accepting Voluntary Administration

The Australian Securities and Investments Commission (ASIC) has suspended the financial services license of FTX Australia Pty Ltd. until May 15, 2023. The decision comes after the local arm of the failed cryptocurrency exchange was placed under voluntary administration on Friday.

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In an announcement published on its website on Thursday, the regulator pointed out that the entity will be able to continue to provide limited financial services related to the termination of existing

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