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Regulation
HTX Agrees to Exit UK Market in Settlement With Financial Regulator
(3 hours ago) · 1 source · Summarized by CryptoBipto
HTX, the cryptocurrency exchange associated with Justin Sun, has reached a settlement with the UK's financial regulator to cease operations in the country. The agreement follows regulatory scrutiny over the exchange's activities in the UK market.
WHY IT MATTERS
When a country's financial regulator tells a crypto exchange to leave, it means that exchange was not following the local rules for operating a financial service.
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SOURCES
- decrypt.co
RELATED
Crypto RegulationUK FCAExchange ComplianceJustin SunHTX
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