UK sanctions Huobi Global S.A., operator of HTX, over alleged role in Russia’s “A7” shadow network as new analysis claims billions in high‑risk flows via the exchange.

The United Kingdom sanctioned a large crypto exchange, accusing it of "supporting the government of Russia."

British financial institutions are now barred from doing business with the firms—and may face penalties for interacting with crypto transactions that pass through them.

Britain sanctions crypto exchange HTX over Russian support