The Australian Securities and Investments Commission has canceled FTX Australia’s Australian financial services license, effective from July 14, according to statement.
- FTX Australia may provide limited financial services that relate to the termination of existing derivatives with clients until July 12, 2024
- Cancellation has no effect on requirements for FTX Australia to continue as a member of Australian Financial Complaints Authority, and to have arrangements for compensating retail clients
- NOTE: in Nov.
Australia Suspends FTX Australia’s Financial Services Licence
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