ASIC cancels AFS licence of FTX Australia

ASIC has cancelled the Australian financial services (AFS) licence held by FTX Australia Pty Ltd (FTX Australia), effective from 14 July 2023.

The terms of the cancellation include provisions that, until the end of 12 July 2024:

FTX Australia may provide limited financial services that relate to the termination of existing derivatives with clients; and
the cancellation has no effect on requirements for FTX Australia to continue as a member of Australian Financial Complaints Authority, and to have arrangements for compensating retail clients.

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