The United Kingdom’s financial watchdog has launched court action against cryptocurrency exchange HTX, alleging it illegally promoted crypto asset services to British consumers in breach of financial advertising rules.

The UK Financial Conduct Authority (FCA) said it began proceedings against HTX and several related persons in the Chancery Division of the High Court in October 2025.

In an update published Tuesday, the regulator said it received permission on Feb. 4 to serve the case outside the UK and by alternative means, noting that HTX H is incorporated in Panama.

The legal action comes under the FCA’s Financial Promotions (FinProm) Regime, which it adopted in October 2023, which tightened requirements on how crypto firms can…