FCA stops HTX's crypto promotions
By FCA
AI summary of the source article
The FCA has secured High Court undertakings against crypto exchange HTX to prevent unlawful cryptoasset promotions to UK consumers. Under a confidential settlement, HTX has exited the UK, halting deposits and new UK user registrations.
Why it matters
Steve Smart, executive director of enforcement and market oversight at the FCA, stated: '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
- The FCA secured High Court undertakings ensuring HTX will not unlawfully promote cryptoasset services to UK consumers.
- HTX has exited the UK market, barring new sign-ups and deposits following proceedings commenced in October 2025.
- The settlement terms are confidential and do not constitute an admission of liability or wrongdoing by Huobi Global.
Source excerpt · FCA
The FCA has secured High Court undertakings to ensure that HTX (formerly Huobi), a global crypto exchange, will not knowingly promote cryptoasset services unlawfully to UK consumers. The FCA took legal action against HTX in October 2025 for breaking UK financial promotion rules. HTX had failed repeatedly to engage with the FCA. Following the commencement of proceedings, HTX took steps to exit the…