HTX
EU rolls out 21st sanctions package targeting Russia and crypto firms
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The European Union has announced its 21st sanctions package against Russia, naming crypto exchange HTX among the targets and expanding measures against financial networks and institutions.
Crypto exchange HTX will remove the USD1 stablecoin from its platform and convert customer balances into USDT. The action follows a freeze of exchange wallets by World Liberty Financial. The move stems from compliance with UK sanctions targeting Russian financial networks.
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The United Kingdom has added the crypto exchange HTX to its Russia sanctions list over suspected links to sanctions evasion networks. Major platforms including Binance and OKX have responded by increasing scrutiny on related transfers. HTX has rejected the allegations and stated that the sanctioned entity is separate from its online operations.