Crypto exchange HTX agrees to stop promoting services in UK, regulator says
The settlement ends the FCA’s first crypto marketing case and bars HTX from targeting UK consumers through Oct. 21, 2031.
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PressNewsAgencyCrypto exchange HTX agrees to stop promoting services in UK, regulator says
LONDON, Oct 29 : Britain's financial regulator has secured a High Court agreement that HTX, a cryptocurrency exchange, will not knowingly promote cryptoasset services unlawfully to UK customers, the watchdog said on Thursday.The Financial Conduct Authority last October sued HTX — formerly known as Huobi —
According to ChainCatcher, the UK Financial Conduct Authority (FCA) has reached a settlement with HTX (formerly Huobi) and obtained a mandate from the UK High Court requiring HTX to refrain from knowingly or directly or indirectly promoting cryptocurrency services to UK consumers illegally. HTX had already taken steps to withdraw from the UK market after the lawsuit was initiated; currently, UK users are unable to deposit funds, and new users ca…
HTX closes crypto promotions in the UK by 2031 and blocks new registrations, according to Cointelograph; FCA moved unprecedented action
HTX will stop attracting customers in the UK after committing itself before a court not to consciously and illegally promote its services there. The agreement with the FCA does not imply an admission of liability, but closes access to new users and deposits.
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