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Binance restricts transactions with 16 crypto platforms including HTX
Binance has announced a phased restriction on transactions involving 16 cryptocurrency service providers, including major exchanges HTX and EXMO. The move is driven by international sanctions compliance, specifically mirroring the European Union’s 21st sanctions package against Russia and recent US Treasury designations targeting networks associated with Iran.
The restrictions are being implemented in stages throughout August 2026. Earlier cutoffs included Shelbit and Aban Tether Exchange on August 7, followed by A7 Nigeria, A7 Africa, and PilotFinance Ltd on August 13. A larger group, including HTX, EXMO, Rapira, and several others, is scheduled for restriction starting August 23. Binance warned that transactions with these entities may be held for compliance review and could lead to frozen funds.
Separately, HTX is currently in settlement talks with the UK’s Financial Conduct Authority (FCA). The regulator had sued the exchange for allegedly illegally promoting crypto services to UK consumers. The High Court has paused proceedings to allow both parties until late August to reach a resolution regarding the allegations of breaching financial promotion rules.
Entities
Binance · European Union · Financial Conduct Authority · HTX · High Court · Huobi Global · Justin Sun
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] An HTX spokesperson stated the company is dedicated to compliance, transparency, and user protection. wdez.com · kelo.com · kfgo.com
- [● 3 SOURCES] HTX states that its products and services are not intended for users in the United Kingdom. wdez.com · kelo.com · kfgo.com
- [● 3 SOURCES] The London High Court has paused legal proceedings to allow two months for settlement talks. wdez.com · kelo.com · kfgo.com
- [● 3 SOURCES] The FCA accused HTX of breaching UK financial promotion rules that have been in effect since 2023. wdez.com · kelo.com · kfgo.com
- [● 3 SOURCES] The FCA sued HTX last October over allegations of illegal crypto service promotion in the UK. wdez.com · kelo.com · kfgo.com