UK Regulator Sues HTX in London High Court Over Unauthorized Crypto Promotions

• The FCA filed a civil claim in London’s High Court alleging HTX (formerly Huobi) breached the Financial Promotions Regime by marketing to UK consumers without authorization
• The regulator says overseas firms must comply if promotions reach UK audiences; HTX remains on the FCA consumer warning list
• Justin Sun is not named as a defendant, but his adviser role keeps the case in the political spotlight

The UK Financial Conduct Authority launched civil proceedings in London’s High Court against HTX, alleging unauthorized crypto promotions to UK users in breach of FSMA s21 and the Financial Promotions Regime that took effect in 2023. 

The agency reiterated that any firm, local or overseas, must secure approval from an authorised entity before communicating investments to UK consumers.

What The Case Targets And Why It Matters

According to the regulator, HTX breac…

Read The Full Article UK Regulator Sues HTX in London High Court Over Unauthorized Crypto Promotions On Coin Edition.