FCA–HTX Settlement: FCA, HTX Enter Talks Over Illegal UK Crypto Promotions

TL;DR

• The FCA and HTX are discussing a settlement over allegations that the exchange unlawfully promoted crypto services to UK consumers, with proceedings paused until late August.
• The regulator says an employee used a UK IP address, British driving license and HTX’s peer-to-peer and futures services to demonstrate accessibility.
• The FCA seeks an injunction and declaration of breach, while HTX and the regulator declined to comment on ongoing negotiations publicly directly.

Britain’s Financial Conduct Authority and crypto exchange HTX are discussing a possible settlement over allegations that the platform unlawfully promoted digital asset services to UK consumers. London’s High Court has paused proceedings until late August, giving both sides time to negotiate. The unusual twist is that a landmark enforcement case may end through negotiation before the court fully tests the regulator’s crypto-promotion powers. The FCA wants an injunction and a declaration that the defendants breached section 21 of the Financial Services and Markets Act, which restricts unauthorized financial promotions.

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