Crypto exchange HTX agrees to stop promoting services in UK, regulator says
- On Oct 29, the Financial Conduct Authority announced that cryptocurrency exchange HTX agreed to stop unlawfully promoting its services to United Kingdom consumers in a settlement recorded by the High Court.
- The regulator initiated this enforcement action in Oct 2025 against the platform, formerly known as Huobi, after the FCA alleged that marketing violated United Kingdom regulations under Chinese billionaire Justin Sun's controlling stake.
- Under the court-recorded agreement dated Oct 16, Huobi Global made undertakings to cease illegal promotions until Oct 21, 2031; the company did not admit liability or wrongdoing.
- HTX has since exited the United Kingdom market, no longer accepting deposits or allowing new users to sign up, marking the agency's first enforcement action against a crypto firm concerning illegal marketing.
- These restrictions follow separate sanctions against the exchange in the United Kingdom and European Union, including an asset freeze and transaction ban in Aug amid allegations involving $7.6B in Russia-linked flows, which HTX denies.
21 Articles
21 Articles
Crypto exchange HTX exits the UK after settling with the FCA
HTX settles FCA case with UK promotion restrictions to 2031
HTX has settled its UK financial promotions case with the Financial Conduct Authority, giving court undertakings lasting until Oct. 21, 2031, as the regulator confirms the exchange has stopped accepting UK deposits and new registrations. The Financial Conduct Authority said…
Channel News Asia
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 —
HTX to Pause Unlawful UK Crypto Ads After FCA Legal Case
Crypto exchange HTX has agreed to stop promoting its services to UK consumers after the UK’s Financial Conduct Authority (FCA) announced a settlement aimed at putting an end to unlawful marketing. The action underscores that firms operating from abroad can still be held to account under UK rules. According to the FCA, Huobi Global S.A.—the [...]
HTX exits UK, leaving customers to request a 48-hour withdrawal window
The FCA settlement follows a year of promotions litigation, with Huobi Global’s court undertakings running until October 2031. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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