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FCA takes action against HTX crypto exchange for illegal promotions

Crypto prices shown on a phone scree.
The firm had ignored previous warnings from the FCA to stop unlawful promotions. Photo: D-Keine/Getty Images

Hameed Shuja

2 min read
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New customers can no longer open accounts on the firm’s website, but existing ones still risk losing money as there are no protective measures in place.

The UK’s FCA has said its taking legal action against global crypto exchange HTX (formerly Huobi) for refusing to stop the unlawful promotion of crypto assets to UK consumers.

The regulator has insisted it is a criminal offence to promote digital assets on social media and websites in ways which

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