FCA Secures HTX Undertakings in UK Crypto Promotions Settlement

The FCA says HTX has stopped UK deposits and signups after a settlement securing High Court undertakings on unlawful crypto promotions. The UK's Financial Conduct Authority said on October 29 that it had secured High Court undertakings restricting unlawful crypto promotions by HTX, formerly Huobi, following a settlement with Huobi Global S.A. The FCA's announcement says the undertakings cover knowingly communicating unlawful financial promotions, directly or indirectly, including through the HTX website, applications and social media. The case therefore concerns the way crypto services are promoted to consumers as well as the practical availability of the platform.