FCA, HTX in Settlement Talks Over Illegal UK Crypto Promotions: Report
60-second summary
The FCA and HTX are reportedly engaging in settlement talks over alleged illegal UK crypto promotions, with the regulator claiming an employee purchased crypto from a UK IP address using a driving license as identification, a clear breach of anti-money laundering and know-your-customer regulations, potentially exposing HTX to significant fines and reputational damage.
An FCA employee bought crypto from a UK IP address using a driving license as ID, according to the regulator's claim.