ASIC cancels FTX’s license in Australia

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="FTX" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/12/FTX-shady.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Additionally, the cancellation of the company’s AFS license does not affect requirements stemming from its membership with the Australian Financial Complaints Authority, and to have arrangements for compensating retail clients.</p>
<p>The official announcement also detailed that John Mouawad, Scott Langdon and Rahul Goyal of KordaMentha were appointed as voluntary administrators of FTX Australia and its subsidiary, FTX Express Pty Ltd.</p>
<p>FTX’s AFS license suspended by ASIC in <a href="https://www.leaprate.com/news/ftxs-afs-license-suspended-by-asic/" target="_blank" rel="noopener">November last year</a> until 15 May 2023 and the suspension was then extended to 24 July 2023.</p>
<p>The Cyprus Securities and Exchange Commission also recently extended the suspension on the Cyprus Investment Firm (CIF) of <a href="https://www.leaprate.com/cryptocurrency/licensing/cysec-extends-ftxs-license-suspension-until-september/" target="_blank" rel="noopener">FTX’s European subsidiary , FTX (EU) Limited</a>, until the 30 September 2023.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/cryptocurrency/licensing/asic-cancels-ftxs-license-in-australia/">ASIC cancels FTX’s license in Australia</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>