EU Sets August 23 HTX Deadline
The European Union will prohibit direct and indirect transactions with the entity identified in its sanctions rules as HTX (HUOBI GLOBAL SA) from August 23. According to CryptoSlate, European users and businesses need to determine whether Huobi Global S.A. is involved as a counterparty or custodian in their existing HTX arrangements. The issue is complicated by conflicting claims about the exchange's corporate structure. HTX previously stated that Huobi Global S.A. was separate from its online platform, while UK regulatory filings and court records have linked the company to HTX ownership and control. The restrictions apply to transactions within the EU sanctions regime and could affect existing balances and relationships. For exchange users, the case highlights the importance of checking regulatory status and the legal entity behind a crypto platform. Track BTC, ETH, USDT and other digital assets, and exchange crypto securely with xbit.money.