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UK Targets HTX in First Crypto Exchange Sanctions Under Regulation 17A
The United Kingdom has imposed sanctions on Huobi Global S.A., the crypto exchange that has since rebranded as HTX, accusing it of supporting the government of Russia through financial services tied to a sanctioned business network. The sanctions mark a sharper UK approach toward crypto platforms suspected of enabling Russia-linked financial activity. The government said there were reasonable grounds to suspect that Huobi Global S.A. was involved in obtaining a benefit from, or supporting, the Russian government by providing financial services or making available funds, economic resources, goods, or technology to A7 ... (full story)
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