HTX and UK FCA Put Court Case on Hold Amid Settlement Talks

HTX and the UK Financial Conduct Authority (FCA) have put their High Court proceedings on hold to continue settlement talks. The FCA sued HTX in October 2023, accusing it of breaching UK crypto promotion rules by promoting services to UK consumers without authorization.

HTX denies targeting UK users and claims compliance with regulations. This case marks the FCA's first court action against a crypto firm for marketing violations in the UK, amid broader regulatory tightening and sanctions pressure on HTX.