EU Crackdown: Major Crypto Exchanges Including HTX Hit by New Sanctions
The European Union has officially expanded its sanctions regime against Russia to include cryptocurrency operators. Following a strategic announcement, the regulatory council has released the specific list of entities targeted, marking a significant shift in how digital asset service providers are treated under international law.
Notably, the HTX exchange (formerly Huobi), ranked among the top 10 global crypto exchanges, has been officially sanctioned. This development underscores the increasing pressure on the crypto industry to comply with geopolitical restrictions and poses significant operational challenges for major exchanges navigating the EU regulatory landscape.
The European Union (EU) announced this Thursday (23) a new package of sanctions against Russia, stating that it would include cryptocurrency operators on the list. On Friday (24), the regulatory council published the names of the affected companies. The highlight is the inclusion of HTX, formerly Huobi, which ranks among the top 10 largest cryptocurrency exchanges.
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