Cyprus keeps FTX Europe license suspended until September
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 (SEC) has extended the suspension of FTX Europe’s license, prohibiting the firm from offering services until September 2024.
Cyprus’ securities regulator officially announced 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.
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Author: Helen Partz
