4 days ago
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Key Takeaways:
- UK sanctioned HTX under Russia Sanctions Regulations on May 26, 2026.
- HTX designated as shadow financial pipeline funding Kremlin’s war economy.
- First use of Section 17A – bans all UK banks and VASPs from serving HTX.
- Exmo Exchange, Rapira, Bitpapa and Eurasian Savings Bank also sanctioned.
- FCA had already sued HTX in February 2026 for illegal UK consumer promotion.
The UK government added HTX, listed under its corporate name Huobi Global S.A., to its official sanctions list today as part of an 18-designation package targeting what the Foreign Office described as Russian shadow finance infrastructure. The action falls under the UK’s Russia Sanctions Regulations and came into force immediately.
HTX isn’t alone in the package. Exmo Exchange, Rapira, Bitpapa, and Eurasian Savings Bank were sanctioned simultaneous...
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