Aiying reported that the Cyprus Securities and Exchange Commission (CySEC) has once again extended the suspension of the license of FTX (EU) Ltd. FTX (EU) Ltd is the local subsidiary of the now-defunct cryptocurrency exchange FTX in Cyprus. The latest license suspension will last until September 2024, 9.
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 emphasized 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."