EU Sanctions HTX in Russia Pressure Move | Business and Finance News

The EU just slapped HTX, a major crypto exchange formerly known as Huobi, on its sanctions list — a bold move aimed at crippling Russia’s financial lifelines in its war against Ukraine. Already sanctioned by the UK in May, HTX is now under EU scrutiny for allegedly helping Russians evade sanctions through its platform. This isn’t just about one exchange — it’s part of a sweeping crackdown targeting banks, oil traders, and crypto networks enabling Russia’s war machine. While HTX insists it follows all local regulations, the EU’s action signals a major shift: regulators are zeroing in on crypto’s role in global finance, warning that digital currencies can no longer be used as a shield for illicit activity. The crypto world is on notice — compliance isn’t optional anymore. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/96a5427ae1b0a61a