UK Targets HTX Crypto Exchange with Sanctions Against Russia Ties

The UK government has taken a significant step in its efforts to curb Russian influence by designating Huobi Global S.A, the operator of crypto exchange HTX, under its Russia sanctions regime.

As part of a broader package aimed at cracking down on Russian crypto networks, the designation adds Huobi Global S.A alongside other platforms like EXMO Exchange.

The UK authorities have expressed ongoing concerns over peer-to-peer trading and facilitation that could help Russia bypass Western restrictions.