1 FAQ added: Russia (Sanctions) FAQ on Huobi Global S.A.

OFSI has published a new Frequently Asked Question (FAQ) on the application of UK financial sanctions to the HTX cryptocurrency exchange.

The FAQ explains that, following the UK’s designation of Huobi Global S.A. on 26 May 2026, OFSI considers that the HTX cryptocurrency exchange is subject to UK financial sanctions.

The FAQ (in the Russia FAQ section):

186. Does the designation of Huobi Global S.A. apply to the HTX cryptocurrency exchange?

Yes. On 26 May 2026, the UK designated HUOBI GLOBAL S.A. (“Huobi”) under the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”). Huobi is consequently subject to financial sanctions, as are entities owned or controlled by Huobi. 

OFSI considers that the HTX cryptocurrency exchange is subject to the UK’s financial sanctions due to its ownership by Huobi, meeting the condition in regulation 7(2)(a) of the Russia Regulations.

Added on: 29 May 2026