HTX settles FCA case as UK users lose access to deposits and new accounts

HTX has settled a UK legal case over its crypto promotions, with court commitments running until October 2031. The Financial Conduct Authority announced the agreement on October 29, following proceedings against the exchange that was formerly known as Huobi. The FCA says users can no longer deposit funds, new customers cannot register, and HTX has stopped actively seeking business in the country. What changes for UK customers? The FCA said HTX is no longer active in the UK and will stop targeting or soliciting UK consumers. It said existing customers with assets with the exchange should get in touch with the exchange’s support notice for withdrawal information. But HTX said its UK exit arrangements and strengthened restrictions had started before the settlement that was announced.

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