The Financial Services Agency of Japan has ordered FTX Japan to suspend operations

ChainCatcher news, the Financial Services Agency of Japan has ordered FTX Japan to suspend operations. The regulator wants FTX Japan to immediately stop cryptocurrency trading activities and cease accepting new customers by December 9, 2022.

The Financial Services Agency cited the fact that FTX Japan had halted withdrawals for customers in the country, but did not specify a date for resumption, nor did it stop new customers from joining the platform. In this situation, the regulator expressed uncertainty about the health of FTX Japan. FTX Japan is also required to submit a "written business improvement plan" by November 16, 2022, to address the aforementioned issues. (source link)