Binance Blocks Transactions with 16 Crypto Platforms Amid Sanctions

Binance has announced that it will halt transactions with 16 crypto platforms by the end of August. The move is tied to recent sanctions against Russian and Iranian networks.

The affected platforms include major exchanges HTX and EXMO, as well as Shelbit, Aban Tether Exchange, and 14 others.

The first group of cutoffs took effect on August 7, with the largest group set to take effect on August 23. Transactions attempted with a listed entity after its effective date may be placed on hold for compliance review.