In brief
- The FCA has commenced legal proceedings against HTX (formerly Huobi) for illegally promoting cryptoasset services to UK consumers.
- The proceedings highlight the FCA’s willingness to bring enforcement action against cryptoasset firms providing services to UK consumers.
- We discuss the key purposes the FCA’s action is intended to serve.
FCA enforcement action
The Financial Conduct Authority (FCA) published a press release on 10 February 2026 confirming that it has begun legal proceedings against global crypto exchange HTX (formerly Huobi) for illegally promoting cryptoasset services to UK customers.
The FCA commenced proceedings on 21 October 2025 and received permission from the High Court on 4 February 2026 to…
