HTX settles FCA case with UK crypto promotion restrictions to 2031

HTX has settled its UK financial promotions case with the Financial Conduct Authority, giving court undertakings lasting until Oct. 21, 2031, as the regulator confirms the exchange has stopped accepting UK deposits and new registrations. Summary UK customers can no longer deposit funds, while new users are blocked from registering. Court undertakings cover unlawful promotions through HTX’s website, applications and social media channels. HTX says its UK restrictions and exit arrangements were implemented before the settlement. The agreement contains no admission of liability or wrongdoing, and its terms remain confidential. The Financial Conduct Authority said on Oct. 29 that HTX, formerly Huobi, is no longer active in Britain and will not target, solicit or actively seek to engage UK consumers. Customers with assets remaining on the platform were directed to the exchange’s information on withdrawal arrangements. A High Court order dated Oct. 27 records a confidential settlement agreement signed on Oct. 16 between the regulator and Huobi Global S.A., the Panama-incorporated first defendant. The court stayed further proceedings except for enforcement of the agreement and allowed eit...