How FTX Australia was able to get away with claiming it was 'ASIC-licenced'
- Written by Pamela Hanrahan, Professor of Commercial Law and Regulation, UNSW Business School, UNSW Sydney
When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too.
The Australian companies were placed into administration on November 11 and within days the Australian Securities and Investments Commission (ASIC) had suspended the Australian financial...
Read more: How FTX Australia was able to get away with claiming it was 'ASIC-licenced'