The European Union has officially included the cryptocurrency exchange HTX, formerly known as Huobi Global, in its sanctions aimed at Russia. This decision is part of a broader effort to address the ongoing conflict in Ukraine.
Sanctions Overview
On July 24, 2026, the European Council announced that HTX is among 18 entities identified as providing crypto-assets services or payment services that are undermining the EU’s sanctions against Russia. This amendment to existing measures reflects the EU’s response to Russia’s actions that have destabilized the situation in Ukraine since the military invasion in 2022.
EU’s Justification
EU officials stated that the sanctions are aimed at financial institutions and entities that facilitate continued financial support for Russia’s military actions. They emphasized the need to prohibit transactions between these entities and operators within the EU to ensure compliance with the sanctions.
HTX’s Position
In response to the sanctions, HTX has previously asserted its commitment to regulatory compliance, stating that it prioritizes adherence to regulatory frameworks across all jurisdictions. The exchange has indicated that it will actively monitor its operations to align with these regulations.
Related Sanctions and Regulations
The sanctions against HTX coincide with the EU’s announcement of new restrictions on Belarusian nationals and residents, prohibiting them from owning or managing crypto exchanges and digital asset service providers. This aligns with the EU’s Markets in Crypto Assets (MiCA) framework, which aims to enhance regulatory oversight in the crypto sector. Additionally, the UK government had previously sanctioned HTX in May, citing reasonable grounds to suspect the exchange’s support for the Russian government through financial services linked to sanctioned entities.
This article was produced by NeonPulse.today using human and AI-assisted editorial processes, based on publicly available information. Content may be edited for clarity and style.
