Binance Halts Transactions for HTX and 10 Other Crypto Platforms

Binance has announced it will stop processing transactions involving HTX and 10 other crypto platforms and service providers from August 23.

The decision is reportedly due to recent regulatory developments, although the exact reason is not specified.

HTX, formerly known as Huobi, was added to the European Union's sanctions package targeting Russia in late July, following a similar designation by the UK government in May. The UK Office of Financial Sanctions Implementation considers HTX itself subject to the sanctions because it is owned by Huobi Global.