Australian regulator warned of problems in FTX operations six months before its collapse

Time：2023-01-30 04:03 Source：Internet Copy share

In March 2022, the Australian Securities and Investments Commission (ASIC) filed papers questioning FTX’s operations.The ASIC statements discussed the Australian Financial Review article.At the time, the publication wrote that FTX would allow traders to buy crypto assets using a 20 leverage margin loan.ASIC was also confused that FTX was licensed in the country through a takeover of AFSL.In March, regulators said it helped the exchange bypass the required level of scrutiny for new companies and required FTX to report for compliance with the license it received.

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