According to an official announcement, the Cyprus Securities and Exchange Commission (CySEC) has once again extended the suspension period of the license of FTX (EU) Ltd. FTX (EU) Ltd is the local subsidiary of the now-defunct cryptocurrency exchange FTX in Cyprus. The latest suspension of the license will continue until September 30, 2024.
It is reported that the Cyprus Securities and Exchange Commission initially suspended the FTX EU license in November 2022 and has since extended the suspension period multiple times. Despite FTX EU entering bankruptcy proceedings, the Cypriot regulatory agency emphasizes that as long as the license is suspended, the exchange cannot “provide/conduct investment services/activities, engage in any commercial transaction with any person, and accept any new transactions.”
Tags:
FTX
FTX EU
Cyprus Securities and Exchange Commission
regulation
bankruptcy
Source link:
https://www.financemagnates.com/cryptocurrency/another-extension-cysec-suspend…
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Original article link:
https://www.bitpush.news/articles/6615123
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