FCA (UK)· FCA·· 2 hours agoSelectedAI score66
FCA secures High Court undertaking to stop HTX from unlawfully promoting cryptoasset services in the UK
FCA stops HTX's crypto promotions
AI brief
AI-assisted source summary · not independently verified. Content standards
FCA has secured a High Court undertaking to stop HTX from knowingly and unlawfully promoting cryptoasset services in the UK, and HTX has now exited the UK market. UK users can no longer deposit with HTX, and new users cannot register; HTX must not proactively solicit UK consumers, and users should check the asset withdrawal arrangements published on its website.
Why it matters
The material explains how a UK regulator used a High Court undertaking to restrict an overseas crypto platform from conducting financial promotions targeting UK consumers, and clarifies arrangements for users to deposit, withdraw and exit.
Source:FCA (UK) · fca.org.uk