UK Financial Regulator Issues Hundreds of Crypto Exchange Warnings in October 2025
Britain’s financial watchdog ramped up enforcement against unlicensed cryptocurrency exchanges this month, issuing hundreds of warnings and filing a lawsuit against a major platform. The Financial Conduct Authority targeted firms including Elite Bit Markets, Nexure Gainbit, Plux Crypto, and HTX for operating without proper registration.
The crackdown comes as the UK tries to balance strict consumer protection with positioning itself as a global crypto hub. On the same day warnings intensified, the regulator also lifted its ban on crypto exchange-traded notes for everyday investors.
Major Exchange Faces Court Action
The FCA filed a lawsuit on October 22 against HTX, formerly known as Huobi, in London’s High Court. The regulator accused…
