News/ASIC Suspends FTX Australia's AFS Licence

ASIC Suspends FTX Australia's AFS Licence

Nov 16,2022,10:16

Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence of FTX Australia Pty Ltd until 15th May 2023.

ASIC said that FTX Australia can continue to provide limited financial services that relate to the termination of existing derivatives with clients until 19th December 2022.

Prior to the suspension, FTX Australia’s licence 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.

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