The UK Financial Conduct Authority says HTX has ceased UK activity following a settlement in litigation concerning cryptoasset promotions. The platform can no longer register new UK customers or accept deposits and must not actively solicit consumers in the country. Existing customers are directed to HTX’s official arrangements for handling their residual assets. The FCA says the agreement does not constitute an admission of liability or wrongdoing by Huobi Global or any other party. The case highlights the need to align access controls, marketing and onboarding to ensure legal restrictions are effectively enforced in each jurisdiction.
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