The FCA has settled its High Court case against HTX, with the exchange undertaking not to target or solicit UK consumers, and Huobi Global S.A. agreeing not to communicate financial promotions in breach of UK law across HTX's website, apps and social media. HTX has stopped UK deposits and new sign-ups, and existing UK users have 48 hours to withdraw assets before their accounts are closed. The settlement terms are confidential and do not amount to an admission of liability or wrongdoing. The case, begun in October 2025, was the FCA's first against a crypto firm under UK financial promotion rules. Separately, the UK sanctioned Huobi Global S.A. in May over alleged support for Russia's financial sector, and the EU later named it in its 21st Russia sanctions package.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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