Binance said it will stop processing transactions involving HTX and 10 other crypto and payment platforms from August 23, aligning its controls with a European Union sanctions package adopted last month. The move follows Council Regulation 2026/1848, which the EU says targets entities that helped Russia evade restrictions imposed after its invasion of Ukraine.
Attempts to transact with the named platforms on or after the effective date may be held for compliance review, Binance said. The exchange also warned that wallets linked to those checks could face temporary restrictions while reviews are in progress.
Platforms named in Binance notice
The list published by Binance includes HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO. The names match the EU regulation directly, including the same spellings used in the legal text rather than a separately compiled Binance risk list.
According to the source report, the EU package bans transactions with 14 crypto and payment platforms, with 11 of those becoming illegal to deal with from August 23. Binance's notice covers that group and mirrors the bloc's timeline rather than introducing an exchange-specific cutoff.
Why HTX stands out
HTX, previously known as Huobi, is the largest name on the list by scale. The exchange says it has 59.49 million registered accounts, although the source article noted that only about 420,000 were active in spot trading during the past six months.
That distinction matters because the announced restriction concerns transfers between platforms, not trading activity on HTX itself. In practical terms, the report said HTX's markets may continue operating while one route for moving funds to or from Binance is narrowed.
The source article also cited earlier action in the UK. In May, British authorities froze the assets of Huobi Global S.A., alleging financial services were provided to A7 LLC, a Russian payment network that the UK Treasury says belongs to sanctioned Moldovan politician Ilan Shor and Russian state bank Promsvyazbank. HTX has rejected those sanctions and said user funds remain safe. Separately, the UK's Financial Conduct Authority sued HTX in London's High Court over allegedly illegal crypto advertisements.
Part of a broader compliance push
This is Binance's fourth separate round of compliance-led platform restrictions in August, according to the source report. Earlier this month, Binance restricted Shelbit and Aban Tether Exchange on the same day the US Treasury sanctioned them for allegedly moving funds tied to Iran's Islamic Revolutionary Guard Corps.
On August 13, Binance also added A7 Nigeria, A7 Africa and PilotFinance Ltd to its restricted list. The source article linked those names to the same Shor-connected network that now appears again through HTX's EU designation, suggesting that US and EU sanctions are increasingly landing on parts of the same payments infrastructure, even when the legal actions come from different jurisdictions.
What comes next
The report said Binance's actions have consistently tracked official sanctions lists rather than reflecting an independent public risk assessment by the exchange. That approach may reduce legal exposure for Binance, but it also means its restrictions move in step with government decisions and their effective dates.
The next confirmed step is August 23, when Binance says the transfer restrictions involving the 11 named platforms will take effect. After that date, attempted transactions may be routed into compliance review, with possible temporary limits on related wallets until those checks are completed.
Source: www.blockhead.co