UK authorities sanction HTX crypto exchange over support for Russia
60-second summary
UK authorities are sanctioning HTX crypto exchange, formerly Huobi Global, over its alleged support for Russia, marking the latest entity in a crackdown on companies exploited by Russia to circumvent UK sanctions. The move targets HTX's operations in the UK, a significant blow to the exchange's global presence and cryptocurrency market influence.
Formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.”