Justin Sun: Binance HTX Transfer Restrictions Apply Only to UK and EU Users

BitcoinWorld Justin Sun: Binance HTX Transfer Restrictions Apply Only to UK and EU Users Justin Sun, a prominent adviser to HTX (formerly Huobi) and founder of the Tron blockchain, has clarified that recent deposit and withdrawal restrictions imposed by Binance on HTX and other platforms affect only users in the United Kingdom and the European Union.

In a post on X (formerly Twitter), Sun stated that HTX does not operate in these regions and that negotiations with UK and EU regulators are already in progress.

Background of the Restrictions Binance, the world’s largest cryptocurrency exchange by trading volume, announced that it would restrict deposit and withdrawal services for users in the UK and EU involving 11 exchanges and platforms, including HTX.

The move aligns with tightening regulatory requirements in these jurisdictions, which have increasingly focused on crypto asset service providers operating within their borders.