ASIC Suspends FTX Australia’s AFS Licence
ASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.

ASIC has suspended the Australian financial services licence of FTX Australia Pty Ltd (AFS licence 323193) until 15 May 2023.
China banned crypto trading and mining last year.
The company is offering to move approximately 8,000 machines to Texas.
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational.
The Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.
Compass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.
In a message to the ASX Pump Organization on Telegram, ASIC said: "Joint pumping up shares is illegal. We can see all trades and use trader identities."
The bitcoin mining company is expanding into Texas with new custom-built "green" mining rigs that will be powered by Intel Bonanza Mine chips.