Headline: HTX says Binance’s Aug. 23 curbs apply only to UK and EU users as settlement talks continue Justin Sun, speaking on Aug. 14, said Binance clarified that its upcoming restrictions on transactions involving HTX will apply only to Binance customers in the UK and European Union. Sun’s remarks came after Binance announced it would stop processing direct or indirect transactions involving HTX and ten other platforms from Aug. 23. What Binance said — and didn’t Binance’s public notice named 11 platforms and warned that transactions attempted after Aug. 23 could be held for compliance review and that affected wallets might face restrictions. The exchange said it must comply with requirements in the jurisdictions where it operates, but its announcement did not explicitly limit the curbs to UK and EU users — that geographic limitation comes from Sun’s account of private discussions with Binance. The 11 platforms listed by Binance are: - Rapira - Aifory Pro - ABCeX - WhiteBird - NoOnecrypto - Tradex - Monease - BitPapa - Exnode - HTX - EXMO Regulatory backdrop: EU measure and UK action The Aug. 23 date aligns with an EU sanctions measure adopted July 23 — Council Regulation 2026/1848 — which places the same eleven platforms under transaction restrictions from that date. The EU measure identifies them as entities providing crypto-asset services outside the bloc that “significantly frustrate” sanctions involving Russia. In the U.K., the Financial Conduct Authority (FCA) has previously restricted HTX activity: in February the FCA said HTX had stopped new UK user registrations after enforcement proceedings began, though existing users could still access accounts and promotions. The FCA still lists HTX as unauthorized. Separately, Britain designated Huobi Global S.A. on May 26 under its Russia sanctions regime, imposing an asset freeze and restrictions on correspondent banking and payment processing. U.K. authorities said they suspected Huobi Global provided services to A7 LLC and Garantex Europe OU. U.K. sanctions guidance says HTX is treated as subject to U.K. financial sanctions because it is owned by Huobi Global; the EU also added HTX to its transaction-ban list in July. Legal talks and differing claims Sun said he has been in communication with Binance and that HTX “does not conduct business in the UK or EU,” adding that settlement negotiations with U.K. and EU regulators are underway. Those statements reflect HTX’s position; public confirmations from regulators about separate EU settlements were not identified in the materials reviewed. There is an independently verifiable point in U.K. court filings: a June 25 High Court order extended a stay in the FCA’s case against Huobi Global for two months to allow settlement attempts. The FCA originally sued in October 2025 over alleged unlawful crypto promotions to U.K. consumers — a matter separate from sanctions. Broader industry response Compliance moves are already spreading. On Aug. 15, crypto exchange Bitget said it will apply additional controls to the same eleven entities from Aug. 23. Like Binance’s measures, Bitget warned that direct or indirect transactions could face review or rejection and that related accounts might be restricted during compliance checks. What this means for HTX users Under both the EU framework and the actions announced by Binance and Bitget, Aug. 23 is the next confirmed deadline for potential transaction holds and wallet restrictions affecting HTX-related activity. Sun urged affected users to contact HTX customer support and said the exchange will “coordinate a resolution.” That is HTX’s commitment; it does not guarantee that Binance, Bitget or regulators will release any transaction or wallet placed under compliance review. Read more AI-generated news on: undefined/news