FTX Japan ordered to suspend operations by the country’s regulators

FTX Japan, the Japanese arm of the beleaguered crypto exchange FTX.com, was ordered by the country’s Financial Services Agency (FSA) to suspend operations until Dec. 9.

The local finance regulator ordered FTX Japan to come up with a “business improvement plan” by Nov. 16, which should accurately identify its customers, protect user assets, and provide more transparency.