Japan’s financial regulator has decided to cease operations of FTX’s branch in Japan.
Cryptocurrency exchange FTX’s branch in Japan, according to a statement made today by authorities in Japan stop operations decision was taken.
FTX Japan, in line with the decision taken by the Financial Services Authority will cease its activities as a cryptocurrency exchange and New customer until 9 December 2022 will not accept.
Financial Services Authority, in a statement about why it took this decision, said that FTX Japan’s stock market stop withdrawals without adequate notice and in this process continues to accept new customers told.
The institution that regulates the Japanese markets, FTX Japan’s activities in addition to this “improve” also demands. In this context, the exchange is requested to take additional steps to identify customers, protect customers, and inform customers.