In a significant regulatory move, the Financial Conduct Authority (FCA) has declared that cryptocurrency exchange HTX is no longer operational in the UK. This announcement, made on October 29, 2025, follows a settlement concerning financial promotions, marking a pivotal moment for the exchange's operations in the region. The source reports that this decision underscores the FCA's commitment to regulating the cryptocurrency market effectively.
Settlement Details
As part of the settlement, HTX is prohibited from attracting new users in the UK and is also barred from accepting any deposits. Existing customers are advised to follow the exchange's official procedures to manage their residual assets. The FCA clarified that this settlement does not equate to an admission of any wrongdoing by HTX or its parent company, Huobi Global.
Regulatory Implications
This decision underscores the necessity for users to evaluate the global availability of cryptocurrency exchanges and their compliance with regulations in specific jurisdictions. The FCA's actions serve as a reminder of the evolving landscape of cryptocurrency regulation and the importance of adhering to local laws.
On October 28, 2026, Euronext suspended the CoinShares Zcash ETP on its launch day, creating uncertainty in the market. This decision contrasts with the recent regulatory actions taken by the FCA against HTX in the UK. For more details, see further information.
