Advertisement Banner
  • Home
  • News
  • Cyber News
  • Contact
No Result
View All Result
  • Home
  • News
  • Cyber News
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

FTX Japan ordered to suspend operations by the country’s regulators

admin by admin
November 10, 2022
in News


FTX Japan, the Japanese arm of the beleaguered crypto exchange FTX.com, was ordered by the country’s Financial Services Agency (FSA) to suspend operations until Dec. 9 and put together a “business improvement plan.”

See related article: Will Contagion Spread?

Fast facts

  • FSA claimed that FTX Japan suspended customer withdrawals for an unspecified period without halting new customer registrations, the agency said on Thursday. 
  • The local finance regulator ordered FTX Japan to come up with a “business improvement plan” by Nov. 16, which should accurately identify its customers, protect user assets, and provide more transparency.
  • FTX Japan’s parent company, FTX.com, has been in a dramatic liquidity crisis that would reportedly require US$8 billion to resolve. 

See related article: Binance and FTX – Should you be worried?



Source link

Previous Post

How Law Enforcement Can Help Churches Feel Safe

Next Post

PM Modi to visit Indonesia for G20 Summit next week

Next Post

PM Modi to visit Indonesia for G20 Summit next week

Recommended

Bitcoin falls below US$20,000 as Silvergate collapse, rate hike concerns rise

3 months ago

Is Drug Regulation in India a Myth? – The Diplomat

4 months ago

© Law Enforcement News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Cyber News
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Cyber News
  • Contact

© 2022 Law Enforcement News Hubb All rights reserved.