FTX to Have EU Operating License Suspended by Cyprus Regulators
This article is for subscribers only.
Cyprus is planning to suspend FTX.com’s two-month-old license, which allows the troubled crypto exchange to operate throughout Europe, people with knowledge of the matter said.
An announcement on the decision could come as soon as Friday, said the people, who asked not to be named discussing internal deliberations. FTX said in September that it received the permit from the Cyprus Securities and Exchange Commission, covering the EU as well as Norway, Iceland and Lichtenstein. It has now filed for bankruptcy.