According to an official announcement, the Cyprus Securities and Exchange Commission (CySEC) has once again extended the suspension period for 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 last until September 30, 2024.
It is reported that CySEC 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 Cyprus regulatory authority 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
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