Odaily Planet Daily News: The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX.com's Cyprus Investment Firm (CIF) license, which once allowed the insolvent platform to operate throughout Europe, until May 30, 2025. According to a regulatory notice, during the period of suspension of authorization, FTX EU may not provide services or establish business relationships with anyone, nor may it accept any new customers. In addition, the company may not execute any instructions from customers to purchase financial instruments, nor may it provide any investment services in or outside Cyprus. Moreover, the suspended brands may not promote themselves as investment service providers or publish related advertisements. They must also close all open positions related to customer contracts on the expiration date of the customer contract or at the request of the customer, and return all funds and profits. Although FTX EU announced that it had launched a process that allows customers to request a final balance before withdrawing fiat currency funds from their company's isolated customer accounts, CySEC still decided to extend the suspension period.