The UK government has imposed sanctions on Huobi Global S.A., operator of the HTX exchange, accusing it of facilitating financial services for Russian-linked networks evading Western sanctions. These sanctions include asset freezes and bans on payment processing within UK jurisdiction. HTX, one of the largest crypto exchanges with over $3 trillion in trading volume in 2025, is linked to Kremlin-backed groups and a previously sanctioned Russian exchange. This marks the UK's first direct sanction against a major crypto platform, signaling stronger regulatory actions against large exchanges involved in sanction evasion. The move may disrupt HTX's operations in the UK and affect global trading dynamics, potentially benefiting rival exchanges and compliance-focused platforms.
The UK government has sanctioned the crypto exchange HTX, formerly known as Huobi Global, accusing it of providing financial services linked to Russia and sanctioned entities A7 Limited Liability Company and Garantex Europe OU. The sanctions include ...
Cryptocurrency markets saw a general downturn with Bitcoin falling about 1.9% to $76,097 and Ethereum dropping 2.5% to $2,075.87. Most major altcoins also declined, though a few tokens like RAIN and WLD posted significant gains of 39% and 24% respect...
The UK government has sanctioned Huobi Global S.A., linked to HTX, for allegedly supporting Russia-connected financial networks, particularly the Kremlin-backed A7 network. The sanctions freeze assets and block British firms from processing payments ...
