New UK Sanctions Package!

he United Kingdom has announced a new package of sanctions targeting several cryptocurrency platforms and financial structures that, according to British authorities, may have been used to circumvent restrictions related to Russia. For the first time, one of the world’s largest cryptocurrency exchanges — HTX (formerly Huobi) — has been included in the sanctions list.

According to the UK government, the restrictions are aimed at so-called “shadow financial systems” allegedly used for international settlements and sanctions evasion. Under the new measures, the assets of several companies are subject to freezing, and British organizations are prohibited from conducting financial operations with them.

Particular attention from regulators has been directed at HTX, which UK authorities linked to infrastructure allegedly used to facilitate transactions for Russian companies and sanctioned entities. Official documents also mention connections with the A7 network and the previously sanctioned exchange Garantex.

Following the introduction of these restrictions, many cryptocurrency services and exchange platforms began reassessing their interactions with HTX. Major exchanges have strengthened compliance checks for transfers associated with the platform, while some services have temporarily limited operations in order to minimize legal and compliance risks.

Due to the current situation, we are also temporarily suspending work with HTX until there is greater legal clarity and regulatory stability. This decision has been made solely to protect users and ensure compliance with international requirements.

At the same time, all other exchange and withdrawal services continue to operate as usual. We are closely monitoring the situation and will promptly inform users about any further changes.

Experts note that the new UK sanctions package could become a major precedent for the entire crypto industry. For the first time, such strict restrictions have been imposed on one of the world’s largest international cryptocurrency exchanges, increasing pressure on centralized platforms and raising standards for transparency in financial operations.