Chain Daily has learned that the FCA today filed a civil lawsuit in the UK High Court against the cryptocurrency exchange HTX (formerly Huobi Global) and several related individuals, accusing them of promoting cryptocurrency asset services to consumers in the UK without registration and violating financial promotion regulations. HTX has been added to the FCA's 'must avoid' warning list. This case marks a rapid decline in the regulatory authority's tolerance for 'cross-border unregistered operations of crypto companies.'
Why is it important?
First significant lawsuit: This is a clear signal that the FCA is taking major legal action against a large cryptocurrency exchange, reflecting that UK regulation is shifting from a warning stage to strong enforcement.
Significant impact on domestic and foreign companies: For overseas exchanges operating in the UK or targeting UK users, this means a reassessment of registration and compliance risks is necessary.
Market confidence and risk warnings: For users and investors, regulatory strengthening represents a 'not unregulated environment' for cryptocurrencies, making exchange choices and compliance more critical.
Potential chain effects: If this case is successful, it may prompt other countries to accelerate their actions against unregistered crypto platforms.
Focus of observation
The progress of the HTX lawsuit and potential fines/operational restrictions will become indicators of regulatory direction.
Will regulatory regions outside the UK (such as the EU and Asia) follow similar measures?
Will investors/exchanges turn to registered, compliant exchanges or platforms?
Do you think this lawsuit will trigger a global regulatory 'synchronization upgrade'? Or is it just an isolated case in the UK market? Leave your judgment, and let's track the next steps together.
