Binance Restricts Transactions with Sanctioned Crypto Platforms

Binance has announced that it will stop processing transactions involving HTX and 10 other listed crypto platforms and service providers from August 23. The decision comes as a result of recent regulatory developments, according to Binance.

The affected exchanges include HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode, and EXMO. Transactions attempted on or after the effective date may be held and subject to compliance review.

Binance stated that restrictions may also be applied to impacted wallets while the review is ongoing. HTX was added to the European Union's sanctions package targeting Russia in late July, which has led to this decision by Binance.