EU Blocks Transactions with HTX Over Alleged Russian Sanctions Evasion

The European Union has included HTX in its latest Russia sanctions package, effectively blocking transactions involving EU companies and individuals with the offshore crypto exchange.

This move comes two months after the UK sanctioned Huobi Global S.A., which is behind HTX, froze its assets, and barred British firms from handling payments linked to it.

The wider sanctions package extends transaction bans to 14 other crypto platforms outside the bloc and adds four listings connected to the A7 cross-border payment network, which Western governments say Russia has used to move money around financial restrictions.