An EU transaction ban will take effect on August 23 against the entity listed as "HTX (HUOBI GLOBAL SA)," giving people and businesses subject to the bloc's Russia sanctions regime a deadline to establish whether that company is involved in their dealings with the online exchange.
The restriction follows the jurisdictional reach of Regulation 833/2014. It covers conduct in EU territory, transactions by member-state nationals and entities constituted under member-state law wherever they operate, and activities of legal entities conducting business wholly or partly within the bloc.
The new measure adds HTX's combined label to Annex XLV Part A, whose named third-country entities are subject to restrictions under the regulation.
What the deadline means for crypto users
- The ban applies to anyone falling under EU jurisdiction as defined by Regulation 833/2014, including EU nationals and entities incorporated under member-state law regardless of where they operate.
- Affected parties have until August 23 to determine whether "HTX (HUOBI GLOBAL SA)" is involved in their transactions with HTX.
- The listing places HTX's combined label on Annex XLV Part A, which names third-country entities subject to the regulation's restrictions.
Read more at CryptoSlate.
