Crypto
EU Imposes Transaction Ban on HTX Amid Disputed Ownership
The European Union will enforce a transaction ban on HTX (listed as Huobi Global S.A.) from August 23, affecting transactions where the entity is the counterparty or custodian.
The measure follows allegations by the UK FCA and High Court that Huobi Global S.A. controls HTX amid disputed ownership.
HTX's user agreement excludes EU users, while regulators offer case-by-case three-month authorizations for transactions strictly necessary to withdraw funds after August 23.
Crypto counterparties and customers face heightened compliance, custody, and adoption risks due to the uncertainty surrounding HTX's corporate relationship with Huobi Global S.A.