The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of the Cyprus Investment Firm (CIF) license of the FTX (EU) Limited, the Cypriot subsidiary of bankrupt cryptocurrency exchange, FTX, to March 31, 2023.
The decision to continue with the license suspension was reached on Monday, December 19th, CySEC said in a statement released on Friday. The extension is to allow the subsidiary firm “to proceed with the necessary actions in order to comply with the relevant provisions of the Investment Services and Activities and Regulated Markets Law of 2017,” CySEC explained.
All Comments