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Binance platform ban traces back to EU sanctions The restrictions @binance set for August 23, covering HTX, EXMO, BitPapa, and eight others, mirror the EU's latest Russia sanctions package, adopted in July, which bans transactions with crypto platforms flagged as evasion channels. No tokens are being delisted, but transfers involving the listed services after the cutoff can be held for compliance review, with wallet restrictions possible.

Binance Restricts Transaction Support for Multiple Crypto Platforms @Binance introduced a structural enforcement mechanism that would prevent transactions through 11 crypto-asset service providers due to new regulations worldwide. The restrictions began on August 7 for Shelbit and Aban Tether, with a second wave banning A7 Nigeria, A7 Africa, and PilotFinance Ltd starting August 13. Restrictions set to take effect on August 23 will include popular companies like HTX (Huobi), Exmo, BitPapa, and Exnode. Binance cautions users not to process any transactions using these service providers after the stipulated date.