Crypto exchange HTX exits the UK after settling with the FCA
Source: CoinDesk ·
From the source
The former Huobi exchange has stopped accepting deposits from British customers and agreed not to target them with crypto promotions. Cryptocurrency exchange HTX, formerly known as Huobi, withdrew from the U.K. after settling with the Financial Conduct Authority (FCA) over alleged breaches of the country’s financial advertising rules. The FCA secured High Court rulings to prevent HTX from knowingly promoting crypto services illegally to U.K. consumers, according to an announcement on Thursday. “HTX is no longer active in the U.K.,” the FCA said. “Consumers can no longer make deposits, and new U.K. users cannot sign up to the platform. HTX will not target, solicit or actively seek to engage U.K. consumers.” The regulator told users to read information published on HTX’s website , including how to withdraw their assets. HTX continued advertising its crypto services to consumers in the U.K. despite an FCA warning in October 2023. The FCA sued the exchange for continuing to illegally…