Crypto exchange HTX refutes UK sanctions, stating it rejected a ruble stablecoin listing linked to Russia.
Cryptocurrency exchange HTX denied allegations from UK authorities that it facilitated transactions for Russia by listing a ruble-backed stablecoin. The UK imposed sanctions, citing “reasonable grounds to suspect” HTX’s involvement with the A7A5 stablecoin.
HTX stated it had refused to list the ruble stablecoin, countering claims of cooperation with Russian entities. The exchange’s response follows broader regulatory scrutiny of crypto platforms amid geopolitical tensions.
No immediate market reaction was reported, though the dispute highlights growing compliance risks for exchanges operating in sanctioned jurisdictions.