Australia suspends FTX's financial services license

11/15 23:41

According to The Block, the Australian Securities and Investments Commission has suspended FTX Australia's financial services license in the country until May 15, 2023. "Until [December 19] 2022, FTX Australia can continue to provide limited financial services that relate to the termination of existing derivatives with clients," the securities regulator said in a statement. "Prior to the suspension, FTX Australia’s license permitted it to deal in, make a market for and provide general advice relating to derivatives and foreign exchange contracts to retail and wholesale clients," the regulator said.

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