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 an asset freeze, director disqualifications, trust service restrictions, and bans on correspondent banking, alongside internet access restrictions for UK users. This move is part of the UK’s broader effort to block financial channels supporting Russia amid its invasion of Ukraine. HTX is also facing legal action from the UK’s Financial Conduct Authority for allegedly illegal crypto promotions. These combined pressures highlight increasing regulatory scrutiny on crypto platforms connected to Russia.
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 paymen...
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 ...
