Binance to restrict transactions involving HTX, 10 other crypto platforms
Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia.
Binance has announced it will cease processing transactions involving 11 crypto platforms, including HTX, effective August 23. The decision comes in response to recent regulatory developments, with HTX recently being added to the EU's sanctions package targeting Russia. Binance cited the regulatory changes as the reason for the restriction.
Transactions attempted after the effective date may be held and subjected to compliance review, and impacted wallets might also be impacted during the ongoing review. HTX, formerly known as Huobi, was added to the sanctions list in late July, with the UK government designating it in May due to concerns about its potential support for Russia's government.
HTX denied the allegations, stating that the designation applies only to Huobi Global as a separate legal entity. The UK's Office of Financial Sanctions Implementation later agreed that HTX itself is subject to the sanctions due to its ownership by Huobi Global.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
