FCA, HTX in Settlement Talks Over Illegal UK Crypto Promotions: Report

The FCA and HTX are currently engaged in settlement talks regarding illegal crypto promotions in the UK. Reports indicate that an FCA employee successfully purchased cryptocurrency using a UK IP address and a driving license for identification. While these negotiations proceed, users of the HTX platform continue to face a sanctions freeze. This regulatory action follows claims by the regulator concerning the platform's compliance with UK financial promotion rules and the accessibility of its services.