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UK regulator sues crypto exchange HTX over unlawful promotions
Britain's markets regulator has filed a lawsuit against HTX, a global crypto exchange advised by Chinese entrepreneur Justin Sun, accusing it of unlawfully promoting crypto asset services to UK consumers. The Financial Conduct Authority said on Wednesday it had launched civil proceedings in London's High Court against HTX, formerly known as Huobi, for breaching Britain's financial promotions regime. HTX is not authorised to operate in Britain, the FCA's website shows. "This action is part of our commitment to protect consumers and uphold the integrity of UK financial markets," an FCA spokesperson said, declining ... (full story)
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