Breaking News: UK’s FCA takes High Court action against crypto exchange HTX (formerly Huobi) over illegal promotions! ⚖️🚨
The Financial Conduct Authority (FCA) has launched legal proceedings in London’s High Court, accusing HTX of unlawfully promoting cryptoasset services to UK consumers — breaching strict financial advertising rules.
Key details:
• Despite prior warnings from the FCA, HTX continued aggressive promotions on its website and major social platforms (TikTok, X, Facebook, Instagram, YouTube, etc.).
• This marks the first time the FCA has taken court enforcement action against a crypto firm for illegal marketing to UK users.
• HTX isn’t authorized in the UK, and the regulator is pushing to stop these promotions to protect consumers.
• Recent updates: HTX has started restricting new UK registrations, but existing users can still access accounts.
This highlights the tightening regulatory grip on crypto ads in the UK — platforms ignoring rules face serious consequences!
What does this mean for global exchanges? More scrutiny ahead? Or just business as usual in the crypto world?
Share your thoughts — is this overdue protection or overreach? 👇
#HTX #CryptoRegulation #FCA #UKCrypto #BinanceSquare (Source: FCA official statements & recent reports, as of February 2026)