EU Slaps Sanctions on HTX Following UK Lead
The European Union has added HTX, a cryptocurrency exchange founded by Justin Sun, to its list of sanctioned entities in Russia. This move comes just two months after the UK imposed similar sanctions on HTX.
HTX was included in the EU's updated list of restricted persons and entities on February 22nd, according to an official statement from the European Council. The designation is part of a broader effort by the EU to restrict economic activities with Russia following the invasion of Ukraine.
The inclusion of HTX in the sanctions list may have significant implications for the exchange's operations in Russia and potentially elsewhere. Justin Sun's involvement with HTX has raised concerns about the exchange's credibility and legitimacy in the cryptocurrency market.