EU Sanctions Leave Corporate Crypto Accounts Stranded on HTX

Crypto exchange HTX is facing a complete dead end for corporate crypto accounts on August 23, when EU sanctions take effect.

The EU has listed 'HTX (HUOBI GLOBAL SA)' in Annex XLV and set August 23 as the date the restriction applies. According to Article 5ad of the regulation, transactions with listed entities are prohibited.

Any withdrawal, payment, or other dealing caught by the rule must be completed before the application date or fit a specific exception or authorization.