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Regulation Watch: November 2026

#0027
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3 November 2026
3
minutes read
The FCA settled its High Court case against the HTX exchange and says HTX is no longer active in the UK. HMRC withdrew a start date for platform reporting. What changed in UK Bitcoin regulation this month.
Alderlux The Insider, Regulation Watch #0027: November 2026
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Regulation Watch · UK · November 2026 · Free to read

On 29 October 2026 the FCA announced that it has settled its High Court case against Huobi Global S.A., which operates the HTX exchange. The FCA says HTX is no longer active in the UK.

This briefing covers official UK publications from 23 October to 3 November 2026. It is a shorter period than usual. It reports what has been published as final. Proposals appear only under Dates to watch. Every item links to its source.

What this means if you hold Bitcoin

  • The FCA says HTX is no longer active in the UK. UK customers can no longer make deposits, and new UK users cannot sign up.
  • HMRC has withdrawn the 1 January 2027 start date for platforms to submit their reports. Its guidance still gives 31 May 2027 for the first reports, covering 2026.
  • The FCA says crypto remains largely unregulated in the UK, except for anti-money laundering and financial promotions, until October 2027.

Financial Conduct Authority

HTX settlement (announced 29 October 2026). The FCA said Huobi Global S.A., which operates the HTX exchange, has settled the High Court case the FCA began on 21 October 2025. A court order dated 27 October 2026 records undertakings by Huobi Global. It will not knowingly communicate financial promotions in breach of section 21 of the Financial Services and Markets Act 2000. The undertakings run to 21 October 2031. The FCA says UK customers can no longer deposit and new UK users cannot register. The settlement terms are confidential and are not an admission of liability. See the FCA press release.

No other FCA cryptoasset policy statement or finalised guidance was found for the period.

HM Treasury, Parliament and the Bank of England

No final measure from HM Treasury or Parliament on cryptoassets was found in the period.

The Bank of England published nothing new on stablecoins in the period. Its 22 June 2026 policy stands, and the Bank intends to finalise the Code of Practice by the end of 2026. Its digital pound page lists no item after March 2026.

HMRC and tax

Reporting framework guidance (2 November 2026). HMRC’s guidance for platforms now covers how to create a report and links to HMRC’s file requirements. HMRC removed the 1 January 2027 start date for submitting reports, because the online service will not be available from then. The page says the service is not live yet and gives no new date. It still gives 31 May 2027 for the first report, covering 2026.

HMRC’s Cryptoassets Manual update log shows no new entries in the period.

Law and the courts

No new significant UK court judgment on cryptoassets was found in the period. The FCA court order of 27 October 2026 is covered above. The Law Commission and the UK Jurisdiction Taskforce published nothing new that was found.

Dates to watch

WhenWhat
11 Nov 2026Proposed: Delegated Legislation Committee debate on the draft Cryptoassets (Miscellaneous Amendments) Regulations 2026
18 Nov 2026Consultations CP26/36 and GC26/7 close
24 Dec 2026Consultation CP26/38 (Financial Crime Guide updates, including cryptoassets) closes
End of 2026Bank of England intends to finalise its systemic stablecoin Code of Practice
Jan 2027FCA aims to publish final guidance on CP26/36 and GC26/7
28 Feb 2027Authorisation window closes for firms relying on the savings provisions
Apr 2027Proposed: tax changes for stablecoins, crypto loans and liquidity pools, announced in the Autumn Budget
31 May 2027First platform reports to HMRC, covering 2026
25 Oct 2027UK cryptoasset regime goes live

Every official document named here is, or will be, in the Alderlux Research Library.

Sources

Alderlux provides education and information only. We do not provide regulated financial advice, investment recommendations, legal or tax advice. Alderlux is not authorised by the Financial Conduct Authority.

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