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Showing 1 - 9 of 9 results for "FTX"

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... on-chain. This recommendation, informed from a roundtable of industry participants, is regarding the full recovery of assets at FTX Japan three months after the collapse, while the rest of the world has been in the bankruptcy queue for over 15 months. ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... internationally, have resulted in asset losses for Australians or left them queuing up with other creditors. For instance, the FTX collapse impacted around 50,000 Australian consumers. According to the consultation paper, these failures shared common ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... warning them that it did not have a licence to operate in the country but still solicited investors. "While both Binance and FTX are not licensed here, there is a clear difference between the two: Binance was actively soliciting users in Singapore while ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... also mandates the segregation of customer funds to protect users in case of exchange failures, such as those experienced by FTX, ACX.io, My CryptoWallet, and Blockchain Global Limited. Of note, the collapse of Blockchain Global cost consumers approximately ...

One in 10 adults interested in crypto: Report

CHLOE WALKER  |  FRIDAY, 17 FEB 2023
... likely to use more providers, Investment Trends found. The desire to diversify across providers would have been exacerbated by FTX collapse, which sent tremors across the sector and beyond, Investment Trends said. "Some degree of skittishness in the ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... asset rehypothecation, and high leverage were contributors to the collapse of several major crypto service providers such as FTX, causing billions of dollars in losses for customers. Scams also present a major issue in the crypto world, with common scams ...

BlockFi files for bankruptcy, crypto contagion worsens

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
... business. As part of its restructuring, BlockFi will focus on recovering all obligations owed to its counterparties, including FTX. But due to the recent collapse of FTX and its ensuing bankruptcy process, which remains ongoing, BlockFi expects that ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
ASIC has suspended the Australian financial services licence of embattled crypto company FTX. FTX entered voluntary administration on November 11, and the AFSL is suspended until 15 May 2023. However, for the time being, FTX can continue to provide ...
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