Australian regulators were concerned about FTX since March 2022 — 8 months before the crypto exchange collapsed, according to a report by The Guardian.
Documents obtained by Guardian Australia indicate that the Australian Securities and Investments Commission (ASIC) had issued three notices to FTX and placed the exchange under “surveillance activity” months before its collapse.
FTX was operating in the country with an Australian financial services license (AFS), which it obtained by acquiring a firm that held an AFS license. The regulators were concerned that the exchange side-stepped the scrutiny of issuing new licenses.
(By Monika Ghosh)
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