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Syedur Rahman, Gary Orritt  | 18 March 2026
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Syed Rahman and Gary Orritt outline the significance of the FCA’s first enforcement action against an overseas crypto exchange

With the UK’s Financial Conduct Authority (FCA) bringing action against Panama-based, global crypto exchange HTX for illegally promoting cryptoasset services to UK consumers, Syed Rahman and Gary Orritt detailed the case’s importance.

The action is the FCA’s first enforcement activity against a foreign exchange, so they wrote a piece explaining why it represents a decisive regulatory shift.

Their article, published by Solicitors Journal, sets out the reasons for the FCA’s legal action, the implications for crypto exchanges and the professionals advising them, and what this means for the FCA’s broader approach in respect of cryptoassets.

The full article can be read here.


Featured at: Solicitors Journal

About The Authors

Syedur Rahman
Partner

+44 (0)203 910 4566 vCard

Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, international arbitration, civil recovery, cryptocurrency and high-stakes commercial disputes.

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Gary Orritt
Legal Director

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Gary is a senior lawyer with significant experience in high-value, cross-border litigation. He is recognised for his work across the financial services sector, commercial litigation and complex matters involving allegations of fraud. He acts for major banks, fintechs, large corporates and cryptocurrency exchanges.

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