UK FCA Takes Legal Action Against HTX Linked to Justin Sun

The FCA intensifies its crackdown on HTX over suspected violations of crypto marketing regulations aimed at UK consumers.

The Financial Conduct Authority (FCA) of the United Kingdom has ramped up its efforts to regulate the cryptocurrency sector by initiating legal proceedings against HTX, a platform associated with crypto entrepreneur Justin Sun. This action comes in response to allegations that HTX engaged in unauthorized marketing practices targeting consumers in the UK.

In a move to uphold compliance within the cryptocurrency industry, the FCA has identified possible breaches related to crypto promotions that may not align with established regulations. This legal pursuit underscores the FCA's commitment to ensuring that digital asset firms operate within the confines of the law, especially regarding consumer protection.