According to CNA, a court document reveals that the UK Financial Conduct Authority (FCA) is in settlement talks with cryptocurrency exchange HTX over allegations of illegally promoting crypto services in the UK. The FCA sued HTX in October last year, accusing it of violating the UK’s financial promotion rules that came into effect in 2023. This marks the FCA’s first lawsuit targeting the marketing practices of a crypto company. The High Court in London has currently paused the legal proceedings, giving both parties two months until late August to resolve the dispute. Both the FCA and HTX declined to comment on the progress of the negotiations. https://www.(wublock123.com)/news/news-66462