EU Targets HTX in Crypto Sanctions | Business and Finance News

The EU just slapped HTX, Justin Sun’s crypto exchange, with sanctions for allegedly helping Russia evade financial restrictions — now EU users can’t do business with it starting August 23rd. This is the 21st package targeting Russian financial lifelines, adding 14 more global crypto platforms to the list. For the first time, the EU hints at banning crypto services from entire countries if they aid Moscow. HTX, once Huobi, handles trillions in trades and is suspected of moving $1.5B to the Kremlin via stablecoin A7A5 — even though neither the US nor EU have officially sanctioned it yet, blockchain analysts say it’s already scrambling wallets to stay hidden. 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/e78a5641d538fc4b