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Crypto exchange HTX exits UK after FCA lawsuit, customers get 48 hours to withdraw funds

Market News
29 Oct 2026, 21:42 WIB
Coinpaper
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Bearish
Crypto exchange HTX exits UK after FCA lawsuit, customers get 48 hours to withdraw funds

HTX, formerly Huobi and linked to Justin Sun, agreed to exit the UK after settling a lawsuit with the Financial Conduct Authority (FCA) over unlawful crypto promotions. The FCA blocked new registrations and deposits, restricting existing UK customers who now have 48 hours to withdraw their assets before account closure. This settlement sets a precedent for offshore crypto exchanges needing to comply with UK financial promotion rules. The move follows earlier UK sanctions against a Huobi-related entity over financial ties to Russia-linked groups.

Justin Sun's HTX exit from the UK follows a regulatory settlement. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 30, 2026 01:32 WIB: among 50 major cryptocurrencies, 24 rose and 25 fell. Notable movers include AXS at Rp17.104 with a 1-day change of -1.83%, COTI at Rp191 up 1.81%, and DOT at Rp17.871 down 1.62%.

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