HTX and the UK Financial Conduct Authority (FCA) have paused High Court proceedings as they continue settlement talks over allegations that HTX illegally promoted crypto services to UK consumers without authorization. The FCA sued HTX in October 2023 after accusing the exchange of breaching UK crypto promotion rules effective since October 2023. HTX, linked to sanctions related to Russia, denies targeting UK users and maintains compliance efforts. The settlement talks have been extended until late August, with no details disclosed on potential outcomes. This case marks the FCA's first court action against a crypto firm for marketing violations in the UK, amid broader regulatory tightening and sanctions pressure on HTX.
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