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The United Kingdom’s (UK) Financial Conduct Authority (FCA) has initiated a lawsuit against cryptocurrency exchange HTX, which is owned by controversial crypto investor Justin Sun, alleging violations of UK financial promotion regulations.
On Wednesday, the FCA announced that it had filed civil proceedings in London’s High Court against HTX, previously known as Huobi, for allegedly breaching Britain’s financial promotions regime. According to the FCA’s website, HTX is not authorized to operate within the UK.
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HTX Remains On FCA’s Warning
A spokesperson for the FCA told Reuters the regulator’s commitment to protecting consumers and maintaining the integrity of the UK financial markets.
“We have seen crypto firms respond positively to our financial
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