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FIND OUT MOREPartner Kate Gee comments on the news that the Financial Conduct Authority has begun legal proceedings against global crypto exchange HTX for illegally promoting cryptoasset services to UK consumers. Kate’s comments have been featured in Finextra, 10 February 2026, and can be found here.
The FCA says that despite warnings about HTX’s illegal promotions to UK consumers, the firms has continued to push its crypto services on its website and on social media platforms, including TikTok, X, Facebook, Instagram and YouTube.
Kate Gee commented:
“In the rapidly growing and evolving digital asset sector, the 2023 FSMA amendments were intended to provide clarity, certainty and protection for consumers, businesses and investors, to strengthen protection, and to enable customers to be better informed about risks associated with their investments. Specifically, Section 21 of FSMA prohibits unauthorised financial promotions – including of qualifying cryptoassets. Despite warnings issued by the FCA that HTX’s promotion of crypto services to UK consumers was considered illegal, HTX continued to publish financial promotions on its website and on social media platforms, including TikTok, X, Facebook, Instagram and YouTube. The legal proceedings now brought against HTX are evidence of the FCA monitoring and – as required – taking steps to ensure compliance with the applicable laws and regulations, and should be considered a warning to any non-compliant firms in the sector, in particular any who have already received warning notices from the FCA. The proceedings also serve as a reminder to consumers to carefully scrutinise the opportunities presented to them in promotional material.”
