Binance Blocks Transactions with Sanctioned Exchanges Including HTX

Binance has announced that it will no longer process transactions involving a group of crypto-asset service providers and exchanges due to compliance concerns.

The list includes HTX, formerly known as Huobi, one of the largest global centralized exchanges. Binance cited regulatory requirements in jurisdictions where it operates as the reason for the move.

The restrictions on some entities took effect as early as August 7, while others will be blocked from August 23 onwards.

This decision follows the EU's sanctioning of HTX in July for allegedly helping Russia circumvent sanctions. The exchange was accused of providing financial services to a Russia-linked cross-border payments firm.