Binance Blocks Transactions With 16 Crypto Platforms Including HTX

Binance has begun restricting user transactions with a growing list of crypto platforms, including major exchange HTX and EXMO, as part of a phased compliance rollout tied to sanctions-related regulatory requirements, the exchange announced Friday.

In a notice to users dated Aug. 14, Binance said it will no longer process direct or indirect transactions involving 16 named crypto-asset service providers. The restrictions take effect across three separate dates this month. Users attempting transactions with these platforms on or after the listed dates risk having their wallets flagged for compliance review, with restrictions applied while the review is underway.

Among the restricted platforms are HTX, one of the world's larger exchanges by trading volume, and EXMO. The inclusion of those two marks a stepped-up approach compared with earlier rounds, which mostly targeted smaller regional players.

Binance cited "recent regulatory developments" and its obligation to comply with rules where it operates. The exchange did not specify which regulator or sanctions regime triggered the restrictions. Several of the named entities, including Shelbit and platforms tied to Africa-focused payment networks, have previously been flagged in reporting on sanctions-evasion networks linked to Iran and Russia.