Cyprus regulator extends suspension of FTX EU license until September 30

Odaily News The Cyprus Securities and Exchange Commission (CySEC) has again extended the suspension of the license of FTX (EU) Ltd, the local subsidiary of the now defunct cryptocurrency exchange FTX, with the latest suspension lasting until September 30, 2024. It is reported that the Cyprus Securities and Exchange Commission initially suspended the FTX EU license in November 2022 and has since extended the suspension several times. Although FTX EU has entered bankruptcy proceedings, the Cypriot regulator stressed that as long as the license is suspended, the exchange cannot "provide/conduct investment services/activities, conduct any commercial transactions with anyone and accept any new transactions."