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EU adds HTX exchange to Russian sanctions list as one of 18 crypto and payment entities

BRUSSELS, July 26. The European Union placed HTX, a cryptocurrency exchange already under United Kingdom sanctions, on a new list of 18 entities cited for offering crypto-asset or payment services in defiance of EU restrictions on Russia.

By Simone Attah2 min readHOOD
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Key takeaways

  • The European Union added HTX to a new list of 18 entities cited for offering crypto-asset or payment services in defiance of EU restrictions on Russia.
  • HTX was already under United Kingdom sanctions before the EU took action.
  • All 18 organizations on the EU list were identified as providing crypto-assets services or payment services in violation of the bloc's existing Russia-related measures.
  • HTX now carries sanctions from two Western authorities, giving it dual-jurisdiction exposure.
  • The EU list spans organizations across the crypto-asset and payment services sectors.

BRUSSELS, July 26. The European Union placed HTX, a cryptocurrency exchange already under United Kingdom sanctions, on a new list of 18 entities cited for offering crypto-asset or payment services in defiance of EU restrictions on Russia.

The EU designation

EU authorities identified all 18 organizations on the list as entities providing "crypto-assets services or payment services" in violation of the bloc's existing Russia-related measures, the release shows. The UK had sanctioned HTX before the EU acted.

Dual-jurisdiction exposure

HTX now carries sanctions from two Western authorities. The EU list covers organizations across the crypto-asset and payment services sectors, placing the exchange alongside 17 other entities the bloc says have operated in defiance of its Russia restrictions.

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Frequently asked

Why did the EU add HTX to its sanctions list?

The EU cited HTX for offering crypto-asset or payment services in defiance of the bloc's existing restrictions on Russia, placing it among 18 such entities.

Was HTX sanctioned by anyone before the EU acted?

Yes, the United Kingdom had already sanctioned HTX before the EU designation.

How many entities are on the EU list?

The list includes 18 entities, with HTX placed alongside 17 other organizations.

What sectors do the listed entities operate in?

The entities operate across the crypto-asset and payment services sectors.

How many jurisdictions now have sanctions against HTX?

HTX now carries sanctions from two Western authorities, the European Union and the United Kingdom.