The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange's local subsidiary — effective July 14.the cancellation, before noting that FTX Australia will still be allowed to provide limited financial services while it wraps up its dealings with clients until July 12 next year.
It would still be bound to make arrangements for compensating clients until that time, the regulator said. FTX Australia had around 30,000 retail clients and serviced 132 local companies.FTX Australia's Australian Financial Services license which allowed it to create derivatives and foreign exchange contracts to local clients.
FTX_AU FTX_Official It would still be bound to make arrangements for compensating clients until that time, the regulator said. FTX_AU had around 30,000 retail clients and serviced 132 local companies.
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