EU adds HTX exchange to Russian sanctions list
Crypto exchange HTX sanctioned by EU for allegedly providing financial support to Russia.
1Sanction decision
The European Union has added crypto exchange HTX to its sanctions list for allegedly indirectly supporting Russia's war in Ukraine. The decision targets 18 entities accused of circumventing EU financial restrictions against Russia.
2Connection to Ukraine war
EU officials claim HTX contributed to financing Russia's war by connecting to the Central Bank's financial messaging system or helping bypass sanctions. This move extends global sanctions that have been in place since Russia's 2022 invasion.
3Exchange's defense
HTX previously stated regulatory compliance was its top priority and that it strictly adheres to all jurisdictional rules. However, the EU maintains there are strong suspicions the exchange provided financial lifelines to Russia.
4UK's prior action
The EU's decision follows similar UK sanctions against HTX in May 2023. The British government cited substantial evidence suggesting the exchange funneled funds to Russia through sanctioned entities.
5Belarus expansion
On the same day, the EU banned Belarusian nationals from owning or managing crypto exchanges and digital asset providers. This additional measure aims to protect the financial system in line with MiCA regulations.
6Global implications
Sanctions against HTX demonstrate how crypto businesses are increasingly becoming targets in geopolitical tensions. The EU's move may prompt similar actions from other regulators and establish new compliance standards for the industry.
Original article: Cointelegraph.com News — AB, HTX borsasını Rusya yaptırımlarına ekledi