HTX, a major global cryptocurrency exchange, is facing a legal challenge from the UK’s markets regulator.
The Financial Conduct Authority (FCA) has launched a High Court lawsuit against the exchange, formerly known as Huobi, for violating the country’s financial promotions regime.
The move signals a continued tightening of regulatory oversight on crypto firms operating in the UK, even those based overseas. HTX, which lists prominent crypto figure Justin Sun as a global adviser, is not authorized to operate in Britain.
The case highlights the growing regulatory risks for crypto businesses that engage with UK consumers without proper approval.
