Factbox-World regulatory actions in opposition to FTX By Reuters

LONDON (Reuters) – FTX filed for U.S. chapter proceedings on Friday, capping per week of turmoil for one of many world’s largest cryptocurrency exchanges.

FTX and its native items, had already attracted scrutiny from regulators world wide.

This is a roundup of what international regulators are doing about FTX:

UNITED STATES

FTX is underneath investigation by the U.S. Securities and Alternate Fee, Justice Division, and Commodity Futures Buying and selling Fee, based on a supply aware of the investigations.

BAHAMAS

FTX’s group headquarters is within the Bahamas. The Securities Fee of the Bahamas mentioned on Thursday it will freeze the belongings of FTX Digital Markets, the group’s native unit, and likewise appointed a provisional liquidator for the unit.

EUROPE/CYPRUS

Cyprus’s Securities and Alternate Fee requested FTX EU to droop its operations on Nov. 9, the regulator mentioned on Friday.

FTX introduced in September it had obtained approval from the Cypriot regulator to function as a Cyprus Funding Agency, permitting the corporate to totally personal an area funding agency it had beforehand acquired.

This allowed FTX EU to serve the European Financial Space.

JAPAN

FTX tweeted on Thursday that its native Japanese unit would go into “shut solely” mode, following the steering of Japan’s Monetary Providers Company, stopping prospects from opening new accounts or buying and selling.

The native unit resumed withdrawals on Friday.