HTX Agrees to Leave UK in Settlement With FCA

The Financial Conduct Authority settled its first enforcement case against a crypto firm over financial promotions, requiring HTX to withdraw from the UK market. Under court undertakings, Huobi Global S.A., the company behind the HTX brand, has promised not to communicate financial promotions that breach UK law. The FCA states HTX is no longer active in Britain, UK customers cannot deposit funds, and existing users have 48 hours to withdraw assets before accounts close.