The UK Financial Conduct Authority (FCA) announced today it reached a High Court settlement with Huobi Global S.A., the company behind crypto exchange HTX, preventing it from knowingly making unlawful crypto promotions to UK consumers. The settlement follows legal proceedings over alleged breaches of UK financial promotion rules. HTX has taken steps to exit the UK and will no longer target UK consumers, with new sign-ups and deposits halted. The FCA stated the settlement does not constitute an admission of liability by Huobi Global.