EU sanctions crypto exchange HTX over Russia ties
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The European Union added crypto exchange HTX to its sanctions list over alleged ties to Russia. The move targets the exchange's role in facilitating transactions that may bypass existing restrictions.
Sanctions Scope
The EU's 14th sanctions package against Russia includes HTX, a Seychelles-registered crypto exchange. The bloc alleges HTX enabled Russian entities to circumvent financial restrictions. The designation freezes any EU-based assets of the exchange and prohibits EU persons from providing funds or services to it.
Exchange Response
HTX, formerly known as Huobi, said it complies with international sanctions and is reviewing the EU decision. The exchange has not disclosed its exposure to EU markets. Industry analysts note that crypto platforms have become a key channel for moving funds across borders amid tightening sanctions.
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