HTX denies U.K. sanctions allegations, says it rejected A7A5 ruble stablecoin listing

Summary

Crypto exchange HTX has denied U.K. allegations that it helped Russia's "illicit financial infrastructure" used for moving funds to sustain the war in Ukraine. HTX stated it explicitly rejected a listing application from the A7A5 ruble stablecoin, whose issuer A7 LLC is already sanctioned by Western governments. The U.K. Foreign Office sanctioned HTX citing "reasonable grounds to suspect" the exchange was cooperating with the ruble stablecoin, though HTX maintains it conducted due diligence and refused the listing.