The Australian Securities and Investments Commission (ASIC) announced on 19 July its decision to revoke FTX Australia’s financial licence. Despite the cancellation, FTX Australia, which had its Australian Financial Services (AFS) licence suspended by the ASIC in November 2022 following FTX’s filing for bankruptcy, is permitted to continue to provide limited financial services until 12 July next year to settle its transactions with clients. The firm is also required to arrange client compensation during this period.