The UK Financial Conduct Authority said HTX, the exchange linked to Justin Sun, will leave the British market after reaching a High Court settlement with the regulator. The settlement binds Huobi Global S.A., the company behind HTX, not to knowingly carry out unlawful crypto promotions aimed at UK consumers. According to the regulator, the platform has stopped taking deposits from British users, and new UK sign-ups are closed. The company will not seek out or solicit UK customers. The FCA stated the settlement involves no admission of wrongdoing. The case follows legal proceedings the FCA began in October 2025 over alleged breaches of financial promotion rules introduced in October 2023. HTX told the Financial Times it had taken steps to align with those rules.
Why it matters: The case shows the FCA enforcing its financial promotion rules against a crypto exchange serving British consumers.
Summary by Dextape, based on reporting by Protos. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.
Headline and excerpt from Protos’s public feed. Protos holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.
The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.
