HTX agrees to leave UK in settlement with FCA over crypto marketing

What sources claim

• Under the court undertakings, Huobi Global S.A., the Panama-registered company behind the HTX brand, promised not to communicate financial promotions that breach UK law across its website, apps and social media channels, the FCA said.
• The FCA said the exchange is no longer active in Britain: UK customers cannot deposit funds, new users cannot register, and existing customers have 48 hours to withdraw assets before their accounts close.
• HTX said in a statement that it takes local compliance requirements seriously and has proactively implemented measures to align with the UK's financial promotion regulations.

Still unresolved

• Whether any fine was paid under the confidential settlement, which the FCA said involves no admission of liability or wrongdoing; the settlement terms would need to be disclosed or confirmed by the FCA or HTX.
• How HTX will treat UK customers' residual balances after the 48-hour withdrawal window closes; an HTX or FCA statement on account closures would confirm the process.

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