Binance will stop processing transactions involving 16 crypto asset service providers, with the restrictions taking effect in three batches on Aug. 7, Aug. 13 and Aug. 23. After the applicable dates, users will no longer be allowed to send or receive assets, either directly or indirectly, with the affected entities. Binance said transactions initiated after the effective dates may be held for compliance review, and impacted wallets could face temporary restrictions. The platforms named include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa and Exnode, among others. Bitcoin.com News said the U.S. has sanctioned Shelbit and Aban Tether over an Iranian crypto network, while the U.K. has separately sanctioned Russia-linked trading platforms and the A7 network. A7 said it moved more than $90 billion in funds over the past year.
Binance will stop processing transactions involving 16 crypto asset service providers, with the restrictions set to take effect in three batches on Aug. 7, Aug. 13 and Aug. 23.
After the relevant dates, users will not be allowed to send or receive assets with those entities, whether directly or indirectly. Binance said transactions initiated after the effective dates may be temporarily held for compliance review, and affected wallets may also face temporary restrictions.
Platforms named and sanctions context
The platforms listed include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa and Exnode, among others.
According to Bitcoin.com News, the United States has sanctioned Shelbit and Aban Tether for their involvement in an Iranian crypto network. The United Kingdom has separately sanctioned Russia-linked trading platforms and the A7 network. A7 said it transferred more than $90 billion in funds over the past year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
