Binance to Restrict Transactions Involving HTX, 10 Other Crypto Platforms
Binance said transactions may be held for compliance review as it phases in restrictions on 16 crypto providers linked to recent sanctions developments.
- On Friday, Binance announced it will stop processing transactions involving 16 crypto-asset service providers, including HTX, which was recently added to the European Union's sanctions package targeting Russia.
- The European Union's 21st sanctions package, adopted July 23, targets 14 cryptocurrency services accused of assisting Russian sanctions evasion; the U.S. Treasury separately sanctioned Shelbit and Aban Tether on August 7 for alleged Iranian ties.
- Restrictions began in phases: A7 Nigeria, A7 Africa, and PilotFinance Ltd were cut off August 13, while HTX, EXMO, and 11 other platforms face restrictions August 23. Transactions attempted after these dates may be held for compliance review.
- Binance advised users against sending assets to these providers, warning transactions could trigger further compliance actions. This follows Senator Richard Blumenthal's preliminary investigation into CEO Richard Teng over $1.7 billion in transfers linked to Iran and Russia.
- These measures reflect a broader crackdown on crypto-related shadow networks as Binance navigates ongoing U.S. pressure. High Representative Kaja Kallas reported that current sanctions now cover more than 100 banks and crypto operators worldwide.
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Binance To Cut Off HTX, EXMO and 14 Other Crypto Platforms Over EU, US Sanctions | 📲 LatestLY
Binance, the world's largest cryptocurrency exchange, has announced it will stop processing transactions involving 16 crypto exchanges and payment platforms, including HTX, in response to expanded sanctions targeting Russia and Iran-linked networks. 📲 Binance To Cut Off HTX, EXMO and 14 Other Crypto Platforms Over EU, US Sanctions.
The decision was taken after the introduction of the 21st EU package of sanctions against Russia, which includes restrictions on cryptoservices.
Binance, the largest trading cryptocurrency exchange, will restrict transactions with cryptocurrency platforms included in the European Union's new package of sanctions against Russia.
Binance Blocks Transactions With 14 Crypto Platforms After New EU Sanctions on Russia
Binance, the world's largest cryptocurrency exchange by trading volume, will stop processing transactions with crypto platforms linked to Russia and listed in the European Union's latest sanctions package. The first restrictions took effect on August 13, with a further round due on August 23. The Moscow Times reported the step on August 14, the same day Binance set out the affected platforms in an announcement on its official website. We bring …
Binance to stop HTX transactions from Aug. 23 over sanctions
Binance has said it will stop processing transactions involving HTX and 10 other listed crypto platforms from Aug. 23 as new sanctions and regulatory restrictions take effect. Binance said in a Friday announcement that the restrictions will apply to Rapira,…
Binance will block operations with a number of Russian cryptoplatforms.
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