JUST IN ⚡
HTX, the former Huobi exchange, has announced its exit from the United Kingdom after reaching a settlement with the FCA. 🚪
The platform will no longer accept deposits from British users and has agreed not to target UK residents with any crypto promotions. It also committed to winding down existing services while ensuring customer assets remain secure. The settlement follows months of regulatory scrutiny over anti‑money‑laundering controls and marketing practices. Industry analysts see the move as a warning sign for other overseas exchanges eyeing the UK market. Regulators expect tighter oversight as the sector expands. ⚖️
UK traders should withdraw their funds promptly and stay alert for further guidance. 📢
$LSK, $HYPE, $IDOL
HTX, the former Huobi exchange, has announced its exit from the United Kingdom after reaching a settlement with the FCA. 🚪
The platform will no longer accept deposits from British users and has agreed not to target UK residents with any crypto promotions. It also committed to winding down existing services while ensuring customer assets remain secure. The settlement follows months of regulatory scrutiny over anti‑money‑laundering controls and marketing practices. Industry analysts see the move as a warning sign for other overseas exchanges eyeing the UK market. Regulators expect tighter oversight as the sector expands. ⚖️
UK traders should withdraw their funds promptly and stay alert for further guidance. 📢
$LSK, $HYPE, $IDOL
