FTX Japan, the Japanese unit of cryptocurrency exchange FTX, has responded to demands by local authorities for a plan on how it will protect its customers' assets. Its parent company in the US, FTX Trading, and about 130 related companies filed for bankruptcy with a US court last week.
The submission by the Japanese subsidiary comes after the Japanese Finance Ministry ordered it to partly halt its activities last week as it lacked the system necessary to carry out its business.
FTX Japan has not publicly disclosed the details of its plan. But the Finance Ministry says the firm provided assurances that its customers' assets had not yet been transferred outside the country.
The submission by the Japanese subsidiary comes after the Japanese Finance Ministry ordered it to partly halt its activities last week as it lacked the system necessary to carry out its business.
FTX Japan has not publicly disclosed the details of its plan. But the Finance Ministry says the firm provided assurances that its customers' assets had not yet been transferred outside the country.
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Summary
FTX Japan, a subsidiary of troubled cryptocurrency exchange FTX, submitted a customer asset protection plan to local authorities following a halt order due to lack of required systems. The firm reportedly assured the Japanese Finance Ministry that customer assets have not been moved outside Japan,
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ID: 47885228-a189-435d-8147-55975d1d6c6a
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221117_35/
Date: Nov. 17, 2022
Created: 2022/11/17 19:24
Updated: 2025/12/09 11:28
Last Read: 2022/11/18 08:06