HTX agrees to halt unlawful UK crypto promotions after FCA case
HTX has pledged to stop crypto marketing in the UK until October 2031, with deposits and new account registrations already blocked there.
Crypto exchange HTX has agreed to stop unlawfully promoting its services to consumers in the United Kingdom under a settlement announced Thursday by the Financial Conduct Authority (FCA).
The exchange, formerly known as Huobi, no longer accepts deposits from UK customers or allows new users in the country to sign up, according to the FCA.
Huobi Global S.A., the company behind HTX, promised the High Court it would not knowingly run illegal promotions, including through the exchange’s website, apps or social media. That promise runs until Oct. 21, 2031.