{"id":513570,"date":"2022-11-21T20:01:01","date_gmt":"2022-11-21T17:01:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-japan-plans-to-resume-withdrawals-by-2023-report\/"},"modified":"2022-11-21T20:01:01","modified_gmt":"2022-11-21T17:01:01","slug":"ftx-japan-plans-to-resume-withdrawals-by-2023-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-japan-plans-to-resume-withdrawals-by-2023-report\/","title":{"rendered":"# FTX Japan plans to resume withdrawals by 2023: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41a3255bf85\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41a3255bf85\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-japan-plans-to-resume-withdrawals-by-2023-report\/#%E2%80%9D_FTX_Japan_plans_to_resume_withdrawals_by_2023_Report_%E2%80%9C\" >&#8221; FTX Japan plans to resume withdrawals by 2023: Report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_Japan_plans_to_resume_withdrawals_by_2023_Report_%E2%80%9C\"><\/span>&#8221; FTX Japan plans to resume withdrawals by 2023: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYWIwNGEwMjYtZTQ2OC00NDlkLWI1N2EtODMxYzJlNjJlYWFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>Crypto exchange FTX\u2019s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022.<\/p>\n<p>According to a Nov. 21 report from Japan-based <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> outlet NHK, FTX Japan has been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www3.nhk.or.jp\/news\/html\/20221121\/k10013898981000.html\">making<\/a> preparations to resume withdrawals. Japan\u2019s Financial Services Agency, or FSA, requested the exchange suspend business orders on Nov. 10 prior to FTX Group declaring bankruptcy in the United States for more than 130 associated companies, including FTX Japan Holdings, FTX Japan, and FTX Japan Services.<\/p>\n<p>On Nov. 11, the FSA announced that it had taken administrative actions against FTX Japan amid reports its parent company was \u201cfacing credit uncertainties.\u201d The orders required FTX Japan to suspend over-the-counter derivatives transactions and related margins as well as new deposits from users from Nov. 10 to Dec. 9 unless directed otherwise by the financial regulator. FTX Japan should have also submitted a plan by Nov. 16 on how the exchange intended to protect investors and provide transparency on the ongoing situation.<\/p>\n<p>Citing an unnamed executive at the Japanese exchange, NHK reported that FTX Japan had roughly 19.6 billion yen in cash \u2014 more than $138 million \u2014 as of Nov. 10 when it ceased operations. The Japan-based company was also reportedly for sale amid FTX Trading\u2019s bankruptcy proceedings in the United States.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>FTX fiasco means coming consequences for crypto in Washington DC<\/em><\/strong><\/p>\n<p>Other FTX subsidiaries have taken similar actions in response to ongoing litigation against the company. Liquid, one of FTX Group\u2019s companies also based in Japan, announced on Nov. 20 that it had paused \u201call forms of trading\u201d due to the firm filing for bankruptcy under Chapter 11. LedgerX, owned by FTX US under the firm West Realm Shire Services, may be exempt as a debtor in FTX\u2019s bankruptcy filing.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-japan-plans-to-resume-withdrawals-by-2023-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX Japan plans to resume withdrawals by 2023: Report &#8220; Crypto exchange FTX\u2019s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022. According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been making preparations to resume withdrawals. Japan\u2019s Financial Services Agency, or FSA,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":513571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYWIwNGEwMjYtZTQ2OC00NDlkLWI1N2EtODMxYzJlNjJlYWFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,135234,4978,117,20618],"class_list":["post-513570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-ftx","tag-bankruptcy","tag-business","tag-japan"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=513570"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/513570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/513571"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=513570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=513570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=513570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}