• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

FTX’s japan subsidiary to resume withdrawals: NHK

by Indrajeet Giram
November 22, 2022
in Bitcoin, Blockchain, Business, Crypto, Crypto Exchanges, Crypto Regulation, Markets, News, World
Reading Time: 2 mins read
0
FTX’s japan subsidiary to resume withdrawals: NHK

FTX’s japan subsidiary to resume withdrawals: NHK

TwitterWhatsappLinkedin

According to Japanese public broadcaster NHK cryptocurrency exchange platform, FTX which has been undergoing bankruptcy proceedings in the US will resume its Japanese subsidiary and this Japanese subsidiary of the FTX platform will resume its customer’s withdrawal request by the end of this year.

You might also like

CloudSEK Raises $19M to Advance Predictive Cybersecurity and Expand Globally

Curefoods Acquires Krispy Kreme India: A Strategic Leap into Retail and Cloud Kitchens

Subaru Raises Vehicle Prices Amid Tariff Pressure and Rising Costs

What is NHK?

Nippon Hōsō Kyōkai Which is also known as NHK is a public broadcasting platform of Japan that has been constantly recognized for initializing the values of Japan this platform has been funded by the user’s fee for all the operations rather than the advertisement processes in the business.

This Japanese broadcasting Corporation NHK operates two Terrestrial TV channels, four satellite TV channels, two Ultra high definition TV channels, and 3 radio networks in Japan.

FTX’s japan subsidiary to resume withdrawals: NHK

This Japanese broadcasting cooperation was founded after the collaboration of Tokyo broadcasting station and Japan broadcasting station in 1950 this organization works with the motto of honesty and seriousness and its work culture and is owned by the government of Japan through the broadcasting act of 1950. 

The broadcasting organization of Japan NHK in its recent news disclosure mentioned that FTX Japan a subsidiary of FTX group, a cryptocurrency exchange platform, will resume its customer withdrawals by the end of this year.

As per NHK, these withdrawals can not be immediately processed as they use the same payment system just like their Parent company FTX group. A resource from FTX Japan mentioned that they will be developing their system which will allow the customers to withdraw their assets from this bankrupt cryptocurrency exchange platform.

The Financial Service organization of Japan ordered the FTX Japan platform to suspend its operation on November 10 this year. When FTX Japan suspended its operation it was seizing deposits worth 19.6 billion yen, which are approximately equal to $138 million at that time these assets ceased during this withdrawal suspension process.

The Japanese Broadcasting organization NHK further mentioned that the cryptocurrency exchange platform FTX group has filed bankruptcy protection for approximately $3.1 billion of all their creditors and investors into the platform. To revive these Investments and return the money, if asked by investors, FTX group may self its subsidiaries including the FTX Japan platform.

Along with the FTX group one other cryptocurrency exchange platforms “liquid” also announced that they will be spending their withdrawals in Japan from November 15. Liquid platform mentioned that they are part of the legal team working for the future reconstruing of the FTX group. The Liquid platform will also suspend its global withdrawals from November 20th this year.

 

Tags: #CryptoacquisitionbitcoinBusinesscryptocurrencyelectric vehiclesElon MuskEthereumfundingNHK
Tweet54SendShare15
Previous Post

New FTX CEO’s fee is $1,300 an Hour, Court Filings Show

Next Post

Adani group’s Rs 493-cr open offer for NDTV to start from Tuesday

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

CloudSEK Raises $19M to Advance Predictive Cybersecurity and Expand Globally

by Ishaan Negi
May 21, 2025
0
CloudSEK Raises $19M to Advance Predictive Cybersecurity and Expand Globally

In a world where cyber threats evolve faster than traditional security systems can respond, one company is flipping the script. Bengaluru-based CloudSEK, a leader in AI-powered cyber threat...

Read more

Curefoods Acquires Krispy Kreme India: A Strategic Leap into Retail and Cloud Kitchens

by Ishaan Negi
May 21, 2025
0
Curefoods Acquires Krispy Kreme India: A Strategic Leap into Retail and Cloud Kitchens

Curefoods, a cloud kitchen company located in Bengaluru, has taken the exclusive rights to franchise Krispy Kreme throughout India in a daring move that highlights the expanding convergence...

Read more

Subaru Raises Vehicle Prices Amid Tariff Pressure and Rising Costs

by Samir Gautam
May 20, 2025 - Updated On May 21, 2025
0
Subaru Raises Vehicle Prices Amid Tariff Pressure and Rising Costs

Subaru of America has announced a series of price hikes across several of its vehicle models, citing "current market conditions" as the driving force behind the decision. The...

Read more
Next Post
Adani - NDTV takeover

Adani group's Rs 493-cr open offer for NDTV to start from Tuesday

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?