On May 26, the UK government released a new round of Russian sanctions, adding HUOBI GLOBAL S.A., now renamed HTX, to the sanctions list. The reason cited is its alleged involvement in providing financial services, funds, or economic resources to A7 LIMITED LIABILITY COMPANY. This sanction is part of the UK's efforts to crack down on Russia's sanction evasion network, targeting entities like Garantex Europe OU, other crypto exchanges, banks, and related businesses. According to Elliptic, this marks the first time the UK has imposed such sanctions on crypto exchanges under relevant regulations. The UK FCA had already initiated legal proceedings in February over alleged illegal financial promotions. Justin Sun is a member of HTX's Global Advisory Board. (The Block) https://(wublock123.com)/news/uk-includes-crypto-exchanges-in-russia-sanctions-htx-targeted-61702