October 2, 2023

Bobbys Brane

Bobbys Brane – Business & Tech Blog

Australia’s financial regulator cancels license for FTX’s local entity By Cointelegraph

1 min read

The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange’s local subsidiary.

On July 19, the Australian Securities and Investments Commission announced the cancellation, which took effect July 14. FTX Australia will still be allowed to provide limited financial services while it wraps up its dealings with clients until July 12 next year.

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