HTX (formerly Huobi) exiting UK market following FCA settlement; users have 48-hour withdrawal window subject to approval.
Regulation & Gov ·
HTX has settled a High Court case with the UK's Financial Conduct Authority and agreed to cease operations targeting UK consumers, marking the regulator's first enforcement action against a crypto exchange under UK financial promotion rules. The exchange has already halted deposits and new sign-ups from the UK, with existing customers given 48 hours to withdraw their assets before accounts are closed. The settlement terms are confidential and do not constitute an admission of liability, though the FCA secured undertakings that HTX will not knowingly promote crypto services unlawfully to UK residents across its website, apps, and social media.