FTX recently sought Swiss trading licence but failed

2022/11/21 08:39

According to Bloomberg quoted NZZ reporting, FTX Europe, the regional branch of the crypto exchange now in bankruptcy proceedings, unsuccessfully sought a trading licence in Switzerland, citing people close to the situation it didn’t name. FTX Europe, based in Pfäffikon near Zurich, had applied to Swiss banking regulator Finma for a license for a so-called “organized trading system” which was declined recently. It didn’t give reasons for why the application failed.

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