Following the appointment of a volunteer administrator to assist approximately 30,000 Aussies and 132 Australian firms in recovering their cash from FTX, FTX Australia financial licence has been suspended by Australia’s financial markets regulator. On November 16, the Australian Securities and Investments Commission (ASIC) released the announcement, suspending the local company of FTX’s AFS license until May 15, 2023. FTX Australia AFS Licence Suspended Prior to its termination, FTX Australia’s AFS license allowed it to establish a marketplace for foreign currency contracts and derivatives for wholesale and retail clients headquartered in Australia. Through FTX Australia, traders from Australia who registered The post FTX Australia Licence Suspended, Leaving 30K Australians Stranded appeared first on Cryptoknowmics-Crypto News and Media Platform .
