UK Regulator Sues Crypto Exchange HTX for Unlawful Promotion of Digital Assets

Core Viewpoint - The U.K.'s Financial Conduct Authority (FCA) is suing cryptocurrency exchange HTX for unlawfully promoting digital asset services in the country [1][2]. Group 1: Legal Action - The FCA has initiated legal proceedings against HTX, previously known as Huobi, in the High Court, London [1]. - The FCA had previously issued warnings since 2023 regarding HTX's unauthorized promotion of financial services in the U.K. [2]. Group 2: Regulatory Commitment - An FCA spokesperson emphasized the authority's commitment to consumer protection and maintaining the integrity of U.K. financial markets [3]. - The FCA noted that while some crypto firms have complied with financial promotions rules, it will take action against those breaching regulations [3].