FCA HTX settlement talks

The UK United Kingdom — Financial Conduct Authority (FCA) and crypto exchange HTX are in settlement negotiations over allegations that HTX unlawfully promoted crypto services to UK consumers without authorization. The FCA filed its first-ever court enforcement action against a crypto firm for marketing violations in October 2025, seeking an injunction and a declaration of breach of section 21 of the Financial Services and Markets Act. The High Court has paused proceedings until late August to allow talks, which began in March and were extended in June. The FCA's case includes evidence that an employee used a UK IP address and driving license to access HTX's peer-to-peer and futures services. HTX, formerly Huobi, is also facing separate UK and EU sanctions over alleged Russia ties. The case could set a precedent for enforcing UK crypto promotion rules against offshore platforms.