UK’s FCA Takes Legal Action Against HTX for Unauthorized Crypto Marketing

The Financial Conduct Authority (FCA) is taking legal action against crypto exchange HTX, formerly known as Huobi, in a move that marks one of its most significant enforcement actions in the digital asset sector. The case concerns alleged unauthorized promotion of crypto-asset services to UK consumers without proper FCA authorization, violating Britain’s financial promotions regime. The FCA has already placed HTX on its public warning list for operating without registration in the UK since 2023. This action signifies a shift in the regulator’s approach as it seeks to protect UK consumer interests and maintain the integrity of the financial markets.