HTX Agrees to Stop Targeting UK Consumers Following FCA…
By Abdelaziz Fathi
AI summary of the source article
Cryptocurrency exchange HTX has agreed to stop targeting UK consumers following High Court undertakings secured by the Financial Conduct Authority. The settlement ends a legal dispute over financial promotion rules and removes the platform from the UK market.
Why it matters
Steve Smart, the FCA's executive director of enforcement and market oversight, said overseas firms "could not avoid UK law simply by operating from another jurisdiction."
Key facts
- Huobi Global S.A. agreed to undertakings barring it from communicating financial promotions in breach of UK law until October 21, 2031.
- HTX is no longer active in the UK, disabling new deposits and new user registrations.
- The settlement follows legal action commenced by the FCA in October 2025 and does not constitute an admission of liability or wrongdoing.
Source excerpt · FinanceFeeds
HTX, the cryptocurrency exchange formerly known as Huobi, has agreed to stop targeting UK consumers after the Financial Conduct Authority secured High Court undertakings from its operating company, Huobi Global S.A. The settlement ends a year-long legal dispute over alleged breaches of Britain's financial promotion rules and removes the exchange from the UK market. The FCA announced on October 29…