Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA
By Micah Zimmerman
AI summary of the source article
Crypto exchange HTX has agreed to leave the United Kingdom to settle the Financial Conduct Authority's first enforcement action against a crypto firm regarding financial promotions. UK users cannot deposit or register, and existing accounts face closure.
Why it matters
The FCA framed the action as a warning, stating: "Crypto firms should be under no illusion: being based overseas does not put them beyond the reach of UK law. Our action means HTX is leaving the UK and can no longer target UK consumers. The message to other firms is clear: follow the rules or face the consequences."
Key facts
- HTX agreed to exit the UK, ending an FCA High Court enforcement action over financial promotions.
- Huobi Global S.A. committed to stopping financial promotions that violate UK law across websites, apps, and social media.
- UK customers are blocked from depositing or registering and were given 48 hours to withdraw their assets.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA HTX is leaving the UK under a confidential FCA settlement that ends its first crypto marketing case, while sanctions from the UK and EU remain in place. This post Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA first appeared on Bitcoin Magazine and is written by Micah Zimmerman .