FCA settles HTX case, exchange quits UK on secret terms

HTX, the crypto exchange formerly called Huobi, is leaving the United Kingdom after settling the Financial Conduct Authority’s first court case against a crypto firm over unlawful marketing. UK users can no longer deposit their funds into HTX, and new sign-ups have also been blocked. The FCA will keep the terms of the settlement confidential. Is HTX leaving the United Kingdom? The Financial Conduct Authority (FCA) announced on Thursday that HTX, which was formerly known as Huobi, will be leaving the United Kingdom. The FCA said it had secured High Court undertakings from Huobi Global S.A., the Panama-registered company named as the lead defendant, that the exchange will not knowingly run illegal crypto promotions to British consumers through its website, apps or social media accounts.

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