Japan asks FTX to pause operations in the country

Japan’s Financial Services Agency (FSA) said it had taken administrative actions against FTX Japan following FTX’s suspension of withdrawals without explaining the reasons clearly to investors.

Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.

[Via]

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