HTX Reaches Constructive Communication with the UK Financial Conduct Authority (FCA); Related Litigation Has Been Properly Resolved

TechFlow reported on Oct. 29 that HTX announced the UK Financial Conduct Authority (FCA) previously initiated legal proceedings against the exchange in the UK. Following a period of constructive communication between both parties, the matter has now been properly resolved.

HTX has consistently cooperated in good faith with the FCA, actively collaborating with the FCA and proactively addressing its concerns regarding the UK market. During this period, HTX, based on its commitment to ongoing compliance with standards, gradually strengthened restrictions related to the UK market and wind-down arrangements, and introduced corresponding operational measures.

These measures were already implemented before this settlement was reached. This settlement further reinforces the aforementioned measures and does not constitute an admission by HTX of any legal liability, misconduct, or violation.

The settlement removes related legal uncertainty and is consistent with the exchange's commitment to continuously improving compliance. This enables HTX to focus on its most important priority: providing users with high-value services and achieving long-term sustainable growth.

HTX thanks all parties for their professional cooperation in properly resolving this matter and will continue to focus on serving users responsibly. Looking ahead, HTX is willing to engage in constructive cooperation with all industry stakeholders, including, where appropriate, working with regulators to jointly protect user interests and promote the healthy development of the digital asset ecosystem.

Source: TechFlow