UK regulator sues crypto exchange HTX over illegal promotions
Britain's financial watchdog began legal proceedings against HTX for unlawful advertising. The exchange allegedly ignored warnings about its social media ads.
Insights:
The Financial Conduct Authority has today initiated legal proceedings against the global crypto exchange HTX (formerly Huobi) following the repeated issuance of illegal promotions to consumers in Britain 
GB. This move represents a major enforcement escalation by the regulator, which had previously issued warnings to the platform regarding its marketing practices.
GB. This move represents a major enforcement escalation by the regulator, which had previously issued warnings to the platform regarding its marketing practices.
