FTX.com’s license to operate an investment business in Europe has been suspended by the Cypriot financial regulator, just hours after the crypto exchange filed for bankruptcy in the US.
The Cyprus Securities and Exchange Commission said it had suspended FTX Europe’s license on suspicion of alleged violations of several laws. It stated that “the company does not appear to comply at all times” with the conditions of its authorization. Other alleged violations included laws relating to the suitability of members of management, and FTX’s safeguarding of customer assets.
“The above decision was reached for the protection of the investors and ...
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