Binance to Restrict Transactions With 11 Platforms Under EU Sanctions

Binance, the world's largest cryptocurrency exchange, announced it will restrict transactions with 16 crypto platforms in a series of measures taking effect throughout August, aligning with new sanctions from the European Union and the United States. The most significant batch, affecting 11 platforms including major exchange HTX, is set for August 23.

The restrictions will prevent Binance from processing direct or indirect transfers to or from the listed entities. Transactions attempted on or after the effective dates may be held for compliance review, and associated wallets could face temporary restrictions during that process. The move applies to all Binance users globally.

The measures are tied to recent international sanctions actions. The 14 platforms in the August 13 and August 23 waves match the list of crypto services named in the European Union's 21st sanctions package against Russia, which was adopted in July. The EU Council extended transaction prohibitions to include certain cryptocurrency platforms outside the bloc that authorities alleged had facilitated sanctions evasion. The two platforms restricted earlier, Shelbit and Aban Tether Exchange, were designated by...