$BTC Binance has announced that it will stop processing transactions related to platforms such as HTX, and that funds transferred from sanctioned platforms such as HTX may indeed face the risk of being frozen or undergoing additional compliance reviews!🔥🔥
Due to recent regulatory developments (mainly related to EU sanctions against Russia), Binance will stop processing transactions involving certain crypto asset service providers. Effective now: Shelbit and Aban Tether Exchange (from August 7); PilotFinance Ltd, A7 Africa, and A7 Nigeria (from August 13). The list that becomes effective on August 23 (11 entities total): Rapira, ABCeX, Aifory Pro, WhiteBird, Tradex, NoOnecrypto, Monease, BitPapa, HTX (Huobi Global SA), Exnode, and EXMO Ltd.
This measure is not a unilateral action by Binance. Instead, it fully aligns with the latest EU sanctions list and is a necessary step under the global compliance trend. For ordinary users, this means that if you currently hold an HTX account or plan to trade on that platform, you should plan your asset transfer route in advance to avoid funds being stuck or operations failing after August 23 due to channel closures. This also reflects that the crypto industry is accelerating its move toward the compliance standards of traditional finance, and similar “platform isolation” measures may become more frequent in the future.
Due to recent regulatory developments (mainly related to EU sanctions against Russia), Binance will stop processing transactions involving certain crypto asset service providers. Effective now: Shelbit and Aban Tether Exchange (from August 7); PilotFinance Ltd, A7 Africa, and A7 Nigeria (from August 13). The list that becomes effective on August 23 (11 entities total): Rapira, ABCeX, Aifory Pro, WhiteBird, Tradex, NoOnecrypto, Monease, BitPapa, HTX (Huobi Global SA), Exnode, and EXMO Ltd.
This measure is not a unilateral action by Binance. Instead, it fully aligns with the latest EU sanctions list and is a necessary step under the global compliance trend. For ordinary users, this means that if you currently hold an HTX account or plan to trade on that platform, you should plan your asset transfer route in advance to avoid funds being stuck or operations failing after August 23 due to channel closures. This also reflects that the crypto industry is accelerating its move toward the compliance standards of traditional finance, and similar “platform isolation” measures may become more frequent in the future.