The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world.
Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token Trading
Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has instructed digital asset exchanges in the country to stop trading the FTX token, also known by its ticker FTT. According to a statement cited by Reuters, the order is in force since Monday, Nov. 14.
The move follows the filing for Chapter 11 bankruptcy protection on behalf of FTX and affiliated entities in the U.S. on Nov. 11. The court