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Crypto exchange HTX rejects U.K. sanction allegations, says it refused ruble stablecoin listing

CoinDesk
HTX denied helping Russia bypass sanctions, stating it rejected a listing request from the sanctioned A7A5 ruble stablecoin issuer.

Summary

Crypto exchange HTX has refuted accusations from the U.K. government that it supported Russia's illicit financial infrastructure. HTX clarified that it formally rejected a listing application from A7 LLC, the issuer of the A7A5 ruble stablecoin, following internal compliance reviews. While the U.K. Foreign Office alleged the exchange was assisting a firm of strategic significance to Russia, HTX and the A7A5 executive, Oleg Ogienko, confirmed that major centralized exchanges have consistently refused to list the token due to fears of secondary sanctions.

(Source:CoinDesk)