UK FCA settles with HTX; HTX will withdraw from the UK market and cease promoting crypto services to local users.

According to an announcement by the UK Financial Conduct Authority (FCA), the FCA has reached a settlement with HTX (formerly Huobi) and obtained a commitment from the UK High Court requiring it not to knowingly directly or indirectly illegally market crypto asset services to UK consumers. HTX has ceased operations in the UK; UK users can no longer make deposits, and new users are unable to register.