FCA launches legal action against HTX over illegal crypto promotions in the UK

The UK’s Financial Conduct Authority (FCA) has begun legal proceedings against HTX, accusing the exchange of illegally promoting crypto asset services to UK consumers in breach of marketing rules introduced in October 2023.

The regulator said it had previously warned HTX about its advertising practices. While the exchange has blocked new UK users from registering, existing customers can still access content deemed unlawful, raising concerns about ongoing violations.

HTX’s Facebook, Instagram, and TikTok accounts are now inaccessible in the UK, though its X and YouTube channels remain available. The company has not commented.

The move comes as the FCA ramps up crypto oversight, with a full regulatory regime expected in 2027 as the UK seeks to align crypto rules more closely with traditional finance.