The Financial Services Agency (FSA) of Japan expressed concern about the crypto exchange’s health, prompting FTX Japan to resume yen withdrawals. FTX Turkey, on the other hand, stated that it was working to send all Turkish Lira balances to its customers. FTX Japan announced the news in a brief statement on its website on Friday. In a Friday tweet, FTX Turkey conveyed its message. On Thursday, the Turkish subsidiary announced that user balances would be automatically converted into Turkish lira at a 1:1 ratio. These FTX regional subsidiaries are wholly owned by FTX’s Antigua-based’mothership,’ FTX Trading Ltd, and licence FTX’s technology stack in exchange for royalty payments sent back to the Antigua-based parent.
