The Financial Conduct Authority (FCA) has secured High Court undertakings against HTX, formerly known as Huobi, on October 29, 2026. The FCA's action prevents HTX from unlawfully promoting cryptoasset services to UK consumers.
The FCA relied on its enforcement powers under the relevant financial promotion regulations. The specific provisions cited include the rules governing the promotion of cryptoassets to consumers.
This enforcement action applies to HTX, a global crypto exchange, which is now no longer active in the UK market. UK consumers cannot make deposits or sign up for the platform.
The material does not specify any deadlines or transitional periods related to this enforcement action. There are no exemptions or carve-outs mentioned for HTX or other entities.
The FCA's action emphasizes the importance of compliance with UK financial promotion regulations for crypto firms operating in the UK, highlighting that non-compliance can lead to serious consequences, including legal action and market exit.