#ukfca — Public Fediverse posts

United Kingdom’s Financial Conduct Authority (FCA) has filed a lawsuit against digital asset exchange HTX, formerly known as Huobi, accusing the platform of unlawfully promoting cryptoasset services to consumers. HTX is tied to Justin Sun, who serves as an adviser.

HTX breached the country’s financial promotions regime by targeting UK users without proper authorization or registration. HTX had been previously warned on multiple occasions going back 2023.

“The FCA has commenced civil proceedings in the High Court against HTX, a global crypto exchange, for unlawfully promoting cryptoasset services to UK consumers,”.

Violations constitute a criminal offense, carrying penalties of up to two years in prison, an unlimited fine, or both. https://cryptonews.com/news/fca-moves-against-htx-in-london-over-illegal-crypto-promotions-warning-to-other-exchanges/ #Crypto #CryptoExchanges #HTX #UK #UKFCA #CivilLawsuit #Lawsuit #CryptoCurrencies #DigitalAssets

Justin Sun-Linked HTX Sued by FCA Over Breach of UK Promo Rules - TLDR

The FCA has filed a civil lawsuit against HTX in the High Court of London.
HTX is a... - https://blockonomi.com/justin-sun-linked-htx-sued-by-fca-over-breach-of-uk-promo-rules/ #regulation #justinsun #ukfca #tron #htx

FCA to Ease Rules for UK Crypto Firms While Tightening Cybersecurity Oversight - TLDR:

FCA will relax management and internal control rules for crypto firms while tighte... - https://blockonomi.com/fca-to-ease-rules-for-uk-crypto-firms-while-tightening-cybersecurity-oversight/ #cybersecurity #cryptofirms #regulation #bitcoin #crypto #ukfca

Slow FCA processing at odds with UK's crypto ambitions — Report - Crypto firms may want to register somewhere they can receive more prompt... - https://cointelegraph.com/news/uk-fca-crypto-firm-registration-delays #financialconductauthority #cryptofirmregistration #fcacryptoapplication #cryptoregulationsuk #fcaapprovaltime #cryptofirmsuk #ukcryptohub #ukfca

Slow FCA processing at odds with UK's crypto ambitions — Report - Crypto firms may want to register somewhere they can receive more prompt... - https://cointelegraph.com/news/uk-fca-crypto-firm-registration-delays #financialconductauthority #cryptofirmregistration #fcacryptoapplication #cryptoregulationsuk #fcaapprovaltime #cryptofirmsuk #ukcryptohub #ukfca

Slow FCA processing at odds with UK's crypto ambitions — Report - Crypto firms may want to register somewhere they can receive more prompt... - https://cointelegraph.com/news/uk-fca-crypto-firm-registration-delays #financialconductauthority #cryptofirmregistration #fcacryptoapplication #cryptoregulationsuk #fcaapprovaltime #cryptofirmsuk #ukcryptohub #ukfca

Slow FCA processing at odds with UK's crypto ambitions — Report - Crypto firms may want to register somewhere they can receive more prompt... - https://cointelegraph.com/news/uk-fca-crypto-firm-registration-delays #financialconductauthority #cryptofirmregistration #fcacryptoapplication #cryptoregulationsuk #fcaapprovaltime #cryptofirmsuk #ukcryptohub #ukfca