HTX, formerly known as Huobi, has faced enforcement actions by the UK's Financial Conduct Authority (FCA) for allegedly providing financial services to Russia-linked firms and illegal financial promotions. The FCA has banned HTX from operating in the UK, signaling stricter regulatory oversight ahead of new crypto rules starting in October 2023. This move marks a shift towards greater compliance and regulation in the crypto industry, aiming to protect UK retail consumers and end unregulated offshore marketing practices. The upcoming Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 will further expand FCA's regulatory reach over crypto activities.
Binance will stop all deposits and withdrawals involving HTX and ten other platforms starting August 23, 2026, due to sanctions related to HTX's founder Justin Sun and ties to Russia. This move has already reduced liquidity in HTX's ETH trading book,...
The UK's Financial Conduct Authority (FCA) and crypto exchange HTX are reportedly in settlement discussions regarding HTX's illegal crypto promotions in the UK. This marks a significant step in the FCA's enforcement against unauthorized crypto market...
The UK Financial Conduct Authority (FCA) is in settlement discussions with crypto exchange HTX over allegations of unauthorized crypto promotions to UK customers. This marks the FCA's first court enforcement action against a crypto firm for illegal m...
