CySEC Announces Trek Labs Compliance, Suspension Lifted

The Cyprus Securities and Exchange Commission (CySEC) has announced the lifting of the suspension on Trek Labs’ license. Trek Labs was formerly known as FTX EU. This decision follows the company demonstrating full adherence to the regulatory body’s requirements. According to a press release issued by CySEC, Trek Labs has successfully addressed all the concerns previously raised by the commission, affirming its dedication to stringent regulatory standards. The lift of the suspension represents a significant milestone for the company, enabling it to resume operations in Cyprus under CySEC’s continued supervision. Trek Labs will be subject to careful oversight to ensure its ongoing compliance with applicable regulations and protection of investor interests. This action comes after a series of internal audits and adjustments undertaken by the company to strengthen its compliance procedures. CySEC emphasizes that it will continue to monitor Trek Labs’ activities to guarantee the highest standards of transparency and accountability are maintained at all times.