Nearly every firm blocked by Binance, outside of Shelbit and Aban, was also named in the EU’s updated sanctions list
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★ Tier-1 Source
Shelbit and Aban were sanctioned by the U.S. Treasury Department over alleged Iran-linked money laundering and sanctions evasion.
Key facts
- Beginning August 23, the list expands to include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, HTX (Huobi Global SA) and EXMO Ltd
- Restrictions on Shelbit and Aban Tether Exchange took effect August 7, while A7 Nigeria, A7 Africa and PilotFinance Ltd. were cut off as of August 13
- HTX rebranded from Huobi after TRON founder and longtime crypto investor Justin Sun acquired a major stake in the exchange in 2022 through an investment vehicle
- Binance users should refrain from sending or receiving funds through Binance that involve the 16 named entities after their specific cutoff date
Summary
Binance said it will no longer process transactions involving a group of crypto-asset service providers and exchanges, citing compliance concerns, according to an announcement on Friday. While most of the named entities are low-volume and little-known platforms, HTX (formerly Huobi), a significant global centralized exchange, was also on the list. "Binance is required to adhere to the regulatory requirements in the jurisdictions in which it operates," Binance wrote. Restrictions on Shelbit and Aban Tether Exchange took effect August 7, while A7 Nigeria, A7 Africa and PilotFinance Ltd. were cut off as of August 13. Beginning August 23, the list expands to include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, HTX (Huobi Global SA) and EXMO Ltd.