Binance Blocks 16 Crypto Platforms as EU Russia Sanctions Tighten
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Binance will restrict transactions with 16 crypto platforms as new European Union sanctions targeting Russia tighten controls on digital-asset transfers. The list includes HTX, formerly known as Huobi, with some restrictions already in place and others beginning Aug. 23.
The exchange blocked Shelbit and Aban Tether on Aug. 7, followed by A7 Nigeria, A7 Africa and PilotFinance on Aug. 13. The next round will cover Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, Exnode Pay, HTX and EXMO.
Binance Tightens Sanctions Screening
The restrictions come as regulators increase pressure on crypto platforms that could help Russia bypass international sanctions. The EU included HTX and other crypto services in its latest Russia sanctions package, accusing them of helping frustrate measures imposed after Russia’s invasion of Ukraine.
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