UK Authorities Sanction HTX Crypto Exchange, Citing Support for Russia
Cointelegraph
The UK government has sanctioned the HTX crypto exchange, alleging it facilitated financial services for sanctioned Russian entities.Summary
The UK government has added the crypto exchange HTX to its sanctions list, citing reasonable grounds to believe the platform has supported the Russian government through financial services linked to other sanctioned entities like Garantex and A7 Limited Liability Company. Foreign Secretary Yvette Cooper stated that the move is part of a broader effort to prevent Russia from using shadow financial systems to evade sanctions. While an HTX spokesperson emphasized the company’s commitment to regulatory compliance, the exchange has faced prior legal scrutiny from the UK’s Financial Conduct Authority regarding its marketing practices.
(Source：Cointelegraph)