Justin Sun’s HTX exits UK following FCA court order

Justin Sun-linked crypto exchange HTX will exit the UK after the Financial Conduct Authority (FCA) secured undertakings from the company through a High Court settlement, preventing it from knowingly making unlawful crypto promotions to UK consumers. The FCA reached the settlement with Huobi Global S.A., the company behind HTX , following legal proceedings over alleged breaches of UK financial promotion rules. The FCA announced the settlement today. The regulator said HTX had “failed repeatedly to engage with the FCA” and that, after legal proceedings began, “HTX took steps to exit the UK.” It added: “HTX is no longer active in the UK. Consumers can no longer make deposits, and new UK users cannot sign up to the platform.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Protos.