HTX
+0.3%HTX to exit UK market after settlement with FCA over promotions
Image: Bitcoin MagazineHTX, the crypto exchange formerly known as Huobi, has agreed to leave the United Kingdom following a settlement with the Financial Conduct Authority. The High Court undertakings prohibit Huobi Global S.A. from issuing financial promotions that breach UK law across its digital channels. UK users can no longer deposit or register, and existing accounts must withdraw funds within 48 hours before closure. The settlement terms are confidential and involve no admission of liability.
Key points
- HTX agreed to exit the UK after settling the FCA's enforcement case over illegal crypto promotions.
- The settlement requires Huobi Global S.A. to stop any financial promotions that breach UK law on its website, apps and social media.
- UK customers cannot deposit or register, and existing accounts must withdraw assets within 48 hours before closure.
- The FCA said the settlement involves no admission of liability and the terms remain confidential.
- The FCA emphasized that overseas crypto firms remain subject to UK law.
Why it matters
UK crypto users must withdraw their HTX holdings quickly, and the case demonstrates that overseas exchanges remain subject to UK regulatory enforcement.
What's unclear
The exact confidential settlement conditions have not been disclosed.
The impact on HTX's operations and user access in other jurisdictions is not detailed.
Price context · HTX
At publication
$0.00000163
Now
$0.00000163
Change since
+0.00%
7 days · dashed line = publication
Sources · 3 publishers
Decrypt
Tier 1
Justin Sun's HTX Agrees to Leave UK in Settlement With Financial Watchdog
Bitcoin Magazine
Tier 1
Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA
Coverage timeline
- First reported by Cointelegraph
- Also reported by Decrypt
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
