The Cyprus Securities and Exchange Commission has extended the suspension of FTX Europe’s license, prohibiting the firm from offering services until September 2024.
Formerly known as Digital Assets AG, FTX Europe was originally founded as a Swiss startup and was sold back to its original founders after FTX’s bankruptcy.
The saga of the collapsed cryptocurrency exchange FTX has been inching toward a conclusion but some former parts of the FTX empire are still struggling to continue operations. The Cyprus Securities and Exchange Commission has extended the suspension of FTX Europe’s license, prohibiting the firm from offering services until September 2024.the news on April 16, declaring that FTX Europe must proceed with necessary actions to comply with the relevant provisions of The Investment Services and Activities and Regulated Markets Law.
On the other hand, the regulator required FTX Europe to complete all its transactions and those of its clients upon their request. The Cyprus SEC ordered that the company will also have to return all funds and financial instruments attributable to its clients.to 25 years in prison on March 28 after being found guilty on seven counts of fraud and conspiracy to launder money.
SBF gets 25 years in prison, Fidelity eyes ETH staking, and Coinbase’s court loss: Hodler’s Digest, March 24-30Bitcoin bids stack above $60K as hopes of a BTC price rebound build
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