Cryptocurrencies: Cyprus suspends Ftx, blockade across the EU

(ANSA) - ROME, NOV 14 - The Cypriot supervisory authority, Cyprus Securities and Exchange Commission ("CySEC"), has announced that it has suspended the authorization to operate as an investment company headed by FTX EU LTD starting from 11 November 2022. This was learned from the Consob Newsleterdella.

Consequently, by virtue of the so-called "European passport" "the suspension has effect throughout the EU", reads a note from the Italian Consob.

"By virtue of the so-called" European passport "- explain by Consob - the authorization issued by one of the 27 national financial market supervisory authorities, enables the company authorized to operate in all EU countries. EU ".

    During the entire period of suspension of the authorization, the company cannot carry out investment services to customers, nor can it carry out new transactions with customers, without prejudice to any requests for restitution of available funds and financial instruments, nor can it accept new customers.

    FTX, the American platform for cryptocurrency operations, went into controlled bankruptcy (chapter 11) last November 11th.

According to the press, at least 1 billion customer funds have disappeared from the platform.

   (HANDLE).