Crypto: Uk Regulator Takes High Court Action Against Htx Over Crypto...

The UK’s financial watchdog sued Panama-based HTX exchange and unidentified persons, alleging illegal crypto promotions on social media despite warnings.

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 Wednesday to serve the case outside the UK and by alternative means, noting that HTX (formerly known as Huobi Global) is incorporated in Panama.

The legal action comes under the FCA’s Financial Promotions (FinProm) Regime, adopted in October 2023, which tightened requirements on how crypto firms can market their services to UK consumers.

“Firms providing crypto products to UK consumers need to comply with rules which protect consumers from unfair and misleading marketing,” the regulator said. It added that advertising crypto assets on social media or websites without complying with these rules is a criminal offense.

The FCA had previously warned about HTX’s promotion of crypto services to UK consumers, the statement added.

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“However, it has continued to publish financial promotions in breach of these rules on its website and on social media platforms, including TikTok, X, Facebook, Instagram and YouTube,” the authority said.

‘“Our rules are designed to support a sustainable and competitive crypto market in the UK, ensuring that consumers have what they need to make informed decisions,” said Steve Smart, joint executive director of enforcement and market oversight at the FCA.

Source: CoinTelegraph