HTX Gives the High Court a Five-Year Pledge on UK Crypto Promotions as FCA Case Settles
By Unchained
AI summary of the source article
Crypto exchange HTX has settled with the UK Financial Conduct Authority, undertaking to the High Court not to knowingly promote crypto services to UK consumers until October 2031.
Why it matters
The FCA stated that the enforcement action demonstrates that "being based overseas does not put them beyond the reach of UK law" and means "HTX is leaving the UK and can no longer target UK consumers."
Key facts
- Huobi Global S.A. gave undertakings to the High Court applying until Oct. 21, 2031, ending the FCA's lawsuit with no admission of liability.
- HTX no longer operates in the UK, barring deposits, trading, and new account openings for British consumers.
- Eligible UK users holding assets can request a one-time 48-hour withdrawal window subject to approvals and compliance checks.
Source excerpt · Unchained
HTX, formerly Huobi, had already posted an Oct. 16 notice keeping UK accounts restricted, 11 days before a consent order stayed the regulator's lawsuit under a confidential deal with no admission of liability. The post HTX Gives the High Court a Five-Year Pledge on UK Crypto Promotions as FCA Case Settles appeared first on Unchained .