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FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21
The announcement meets a promise made in December by the ring-fenced exchange.
FTX Japan will restart withdrawal services for fiat and crypto assets as of noon local time on Feb. 21, the company said Monday.
The announcement meets a promise made in December by the exchange, whose assets in the country were largely ring-fenced under Japanese law.
CONTINÚA MÁS ABAJO
“Due to the large number of requests from customers, it may take some time for the withdrawal process to be completed,” the company said in a statement. “We will announce the resumption of other FTX Japan services as soon as possible.”
The Japanese exchange shuttered Nov. 8, a few days before FTX as a whole filed for bankruptcy protection in the U.S. The Japanese unit, alongside FTX Europe, has been earmarked for an early sale as the estate attempts to recoup funds.
Read more: FTX Japan to Allow Customers to Withdraw Funds Starting in February
Jack Schickler
Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He previously wrote about financial regulation for news site MLex, before which he was a speechwriter and policy analyst at the European Commission and the U.K. Treasury. He doesn’t own any crypto.
