FTX Japan resumes the Japanese yen withdrawal service, currently only supports liquidation or reduction of derivatives positions

FTX Japan has announced that it has resumed Japanese Yen withdrawals. FTX Japan currently only supports customers to close or reduce derivatives positions, but not to open new positions. Also, spot trading and selling features are currently unavailable. Foresight News reported in the morning that according to a notice issued by the Japan Financial Services Agency, the Kanto Local Finance Bureau of Japan has ordered FTX Japan to suspend operations and urged FTX Japan to submit a written business improvement plan before November 16, 2022. In this regard, FTX stated that it is following the guidance of the JFSA. FTX Japan has now entered a liquidation-only mode. FTX Japan is an independent entity that strictly follows Japan's supervision of asset isolation.