UK sanctions HTX over support of Russia in broad sweep over crypto exchanges
The Block
The UK government sanctioned crypto exchange HTX for allegedly supporting the Russian government through financial services provided to entities of strategic significance.Summary
The United Kingdom has imposed sanctions on the cryptocurrency exchange HTX, formerly known as Huobi Global S.A., citing the firm's alleged support of the Russian government. According to UK officials, HTX provided financial services and resources to A7 LIMITED LIABILITY COMPANY, an entity of strategic importance to Russia. This action is part of a broader regulatory enforcement effort targeting crypto exchanges, banks, and firms accused of facilitating Russian sanctions evasion. Furthermore, HTX faces separate legal challenges from the UK Financial Conduct Authority regarding alleged unlawful financial promotions.
(Source：The Block)