HTX Clarifies Binance Transaction Restrictions Impact Only UK and EU Users

HTX Clarifies Impact of Binance Transaction Restrictions

HTX has confirmed that the upcoming restrictions imposed by Binance on transactions involving its platform will primarily affect users located in the UK and European Union. This clarification came from Justin Sun on August 14, 2026, following a notice from Binance indicating that direct and indirect transactions involving HTX, along with ten other platforms, would be halted starting August 23, 2026.

Details on the Restrictions

According to Sun, the restrictions will specifically apply to Binance users in Britain and Europe, stating, “This matter concerns only Binance’s UK and EU users.” This announcement follows allegations from the European Union that HTX is among several cryptocurrency platforms subject to transaction bans starting August 23, in line with a sanctions measure addressing concerns related to Russia.

Background of the Announcement

Binance’s public statement regarding the restrictions does not specify that they are limited to users in the UK and EU, instead emphasizing compliance with regulations across the jurisdictions in which it operates. Following this, Sun indicated that HTX does not conduct any business in these regions and is actively engaged in settlement discussions with regulators from both the UK and EU.

Regulatory Context

The UK Financial Conduct Authority (FCA) previously reported that HTX had ceased registration of new users in the UK as of February 2026, although existing users still maintain access to their accounts. HTX remains listed as unauthorized by the FCA.

Negotiations and Compliance Measures

Additionally, in Britain, ongoing court procedures involve a High Court order extending discussions regarding potential settlements between the FCA and Huobi Global, which includes HTX. These negotiations are separate from the sanctions and involve allegations of unlawful cryptocurrency promotions to UK consumers.

Moreover, Bitget has announced similar compliance measures that would take effect on the same date, affecting the same group of entities named in the Binance notice. Users can expect that any transactions or wallets involved may be subjected to thorough compliance reviews.

Next Steps for Users

As the deadline approaches, users impacted by these restrictions are encouraged to reach out to HTX customer support for assistance. While HTX is committed to facilitating resolutions, any transactions undergoing compliance checks through Binance or Bitget remain subject to their respective review processes.