Why is FTX facing allegations in Japan and what are their plans to resolve the issue?

3 answers

• Jiayi liuMar 21, 2025 · 10 months ago
  FTX is facing allegations in Japan due to concerns over regulatory compliance and potential violations of local laws. The company has been accused of operating without the necessary licenses and failing to adhere to anti-money laundering (AML) and know your customer (KYC) regulations. To resolve the issue, FTX has stated that they are actively working with Japanese regulators to address any compliance issues and obtain the required licenses. They have also committed to enhancing their AML and KYC procedures to ensure full compliance with local regulations.
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• Garett ConradNov 17, 2021 · 4 years ago
  Well, FTX is currently facing some allegations in Japan. It seems that there are concerns about their compliance with local regulations and licensing requirements. Some people are saying that they have been operating without the proper licenses and not following the necessary anti-money laundering and know your customer procedures. To resolve this issue, FTX has stated that they are working closely with Japanese regulators to address any concerns and ensure that they are fully compliant with the regulations. They are also taking steps to improve their internal processes and strengthen their compliance procedures.
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• Lohmann McGregorMay 13, 2024 · 2 years ago
  FTX has been facing allegations in Japan regarding their compliance with local regulations. It appears that there are concerns about their licensing status and adherence to anti-money laundering and know your customer requirements. To address these allegations, FTX has been actively engaging with Japanese regulators to resolve any compliance issues and obtain the necessary licenses. They have also committed to implementing stronger AML and KYC measures to ensure full compliance moving forward. By working closely with regulators, FTX aims to resolve the issue and regain trust in the Japanese market.
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