UK FCA Cracks Down on Crypto Firms, Hundreds of Exchanges Receive Warnings

The UK’s Financial Conduct Authority (FCA) has issued hundreds of warnings to unregistered crypto exchanges, including HTX, as part of a sweeping crackdown on firms breaching financial regulations. The regulator also initiated legal action against HTX for unlawful promotion of crypto services. The move highlights the UK’s intensified efforts to enforce compliance and protect investors, even as it explores new frameworks for tokenised assets and crypto-linked financial products.