Regulator cancels licence of FTX's Australian business

Regulator cancels licence of FTX's Australian business

Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration

Australia’s securities regulator said on Wednesday it had cancelled the licence of the local arm of collapsed US cryptocurrency exchange FTX, effective from July 14.