"Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the commission said
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The Securities Commission of The Bahamas said on Thursday it has ordered all digital assets of FTX Digital Markets Ltd (FDM) transferred to a digital wallet controlled by the Commission for safekeeping.
"Urgent interim regulatory action was necessary to protect the interests of clients and creditors of FDM," the commission said in a statement.
(Reporting by Ann Maria Shibu in Bengaluru; Editing by Sandra Maler)
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