HTX Exits UK After FCA Settlement as KuCoin Abandons Russia and Belarus

Two major cryptocurrency exchanges announced withdrawals from international markets Thursday, adding to a growing wave of departures driven by regulatory enforcement and sanctions compliance. Cryptocurrency exchanges HTX and KuCoin are withdrawing from major international markets, with HTX leaving the United Kingdom following a settlement with financial regulators and KuCoin halting services in Russia and Belarus, where two other prominent trading platforms recently announced similar restrictions. The regulator said it secured commitments through the High Court preventing HTX from knowingly promoting cryptocurrency services unlawfully to British consumers. The exchange has already stopped accepting deposits from existing UK customers and blocked new account registrations. The FCA initiated legal proceedings against HTX in October 2025 after the exchange repeatedly failed to engage with regulators over alleged breaches of financial promotion requirements.

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