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According to CoinDesk, Japan's Financial Services Agency has ordered FTX's local unit to suspend operations, according to an official announcement made on Thursday.<br />The regulator wants FTX Japan to halt the crypto asset exchange business and stop accepting new customers until Dec. 9, 2022 effective immediately, the order said.<br />The order comes as Sam Bankman-Fried's international cryptocurrency exchange FTX continues its downward spiral after it suffered a liquidity crunch following a CoinDesk article scrutinizing its financials. Although rival exchange Binance initially agreed to acquire it, Binance has since backed out of a possible buyout.

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【FTX Japan ordered by regulator to suspend operations following withdrawal halt】According to CoinDesk, Japan's Financial Services Agency has ordered FTX's local unit to suspend operations, according to an official announcement made on Thursday.
The regulator wants FTX Japan to halt the crypto asset exchange business and stop accepting new customers until Dec. 9, 2022 effective immediately, the order said.
The order comes as Sam Bankman-Fried's international cryptocurrency exchange FTX continues its downward spiral after it suffered a liquidity crunch following a CoinDesk article scrutinizing its financials. Although rival exchange Binance initially agreed to acquire it, Binance has since backed out of a possible buyout.

FTX Japan ordered by regulator to suspend operations following withdrawal halt

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