EU adds HTX to Russia sanctions list, barring transactions starting Aug. 23
Quick TakeThe European Union added HTX to a list of third-country financial and crypto service providers accused of helping Russia circumvent sanctions, with a transaction ban set to take effect on Aug. 23.The measure does not impose an asset freeze, but generally bars people and companies in the EU from dealing directly or indirectly with the exchange.The bloc also created a broader mechanism to prohibit dealings with crypto platforms based in countries that repeatedly fail to prevent Russian sanctions evasion, although no countries have yet been added.Other crypto platforms listed alongside HTX include EXMO, Rapira, BitPapa, Aifory Pro, WhiteBird, NoOnecrypto and Exnode, among others. The European Union has added crypto exchange HTX to its Russia sanctions regime, prohibiting people and companies in the bloc from transacting with the platform beginning next month. The EU identified “HTX (HUOBI GLOBAL SA)” among a group of third-country financial institutions and crypto service providers that it said were significantly frustrating restrictions imposed over Russia‘s invasion of Ukraine, according to a regulation published in the bloc’s Official Journal. The restriction takes effect on Aug. 23. Under the applicable rules, EU operators will be barred from engaging directly or indirectly in transactions with HTX. The measure stops short of