LONDON, Nov 11 (Reuters) – FTX filed for U.S. chapter proceedings on Friday, capping every week of turmoil for one of many world’s largest cryptocurrency exchanges.
FTX and its native models, had already attracted scrutiny from regulators around the globe.
Here is a roundup of what international regulators are doing about FTX:
UNITED STATES
FTX is underneath investigation by the U.S. Securities and Trade Fee, Justice Division, and Commodity Futures Buying and selling Fee, based on a supply accustomed to the investigations.
BAHAMAS
FTX’s group headquarters is within the Bahamas. The Securities Fee of the Bahamas stated on Thursday it will freeze the property of FTX Digital Markets, the group’s native unit, and likewise appointed a provisional liquidator for the unit.
EUROPE/CYPRUS
Cyprus’s Securities and Trade Fee requested FTX EU to droop its operations on Nov. 9, the regulator stated on Friday.
FTX introduced in September it had obtained approval from the Cypriot regulator to function as a Cyprus Funding Agency, permitting the corporate to completely personal an area funding agency it had beforehand acquired.
This allowed FTX EU to serve the European Financial Space.
JAPAN
FTX tweeted on Thursday that its native Japanese unit would go into “shut solely” mode, following the steering of Japan’s Monetary Providers Company, stopping prospects from opening new accounts or buying and selling.
The native unit resumed withdrawals on Friday.
Reporting by Alun John; Enhancing by Emelia Sithole-Matarise
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