Binance Halts Transactions With HTX and 10 Other Crypto Platforms Amid Russia Sanctions

Binance has announced that it will halt transactions with HTX and 10 other cryptocurrency platforms starting August 23 due to new sanctions and regulatory restrictions. The move is a result of entities linked to Russia being targeted by the EU and UK, particularly in regards to alleged evasion of sanctions.

The affected platforms include Rapira, Aifory Pro, EXMO, and others that were recently sanctioned for their involvement with Russia. Binance advises users not to send assets to these platforms after the cutoff date to avoid compliance issues.

Transactions may be held for compliance reviews, and wallets linked to these services could face restrictions. This move follows earlier U.S. Treasury sanctions on other crypto exchanges linked to Iran and enforcement efforts globally.