Caught up in Russian funds controversy, sanctioned by the UK! HTX cries foul: We rejected the ruble stablecoin listing long ago

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Cryptocurrency exchange HTX was recently added to the UK sanctions list, on the grounds of allegedly facilitating financial activities linked to the Russian government. However, HTX promptly issued a firm denial of the allegations, stating that the company had already rejected the listing application for the Russian ruble-backed stablecoin A7A5. In its sanctions notice, the UK Foreign Office stated: "The Secretary of State has reasonable grounds to suspect that Huobi Global S.A. (now renamed HTX) is or has been benefiting from or supporting the Government of Russia by providing financial services, funds, economic resources, goods or technology to A7 LLC. A7 LLC operates in a sector of strategic significance to the Government of Russia." However, the UK Foreign Office did not publicly disclose any concrete evidence of actual cooperation between the two parties, repeatedly emphasizing only that there were "reasonable grounds for suspicion." In its public response, HTX stressed that the company had not entered into any cooperation with A7A5, and had in fact proactively rejected the counterparty's stablecoin listing application. An HTX spokesperson stated: A7 did indeed attempt to list their stablecoin on our platform. However, after our internal rigorous due diligence and compliance review, this listing application was explicitly rejected. In fact, the issuer A7 LLC has previously been placed on sanctions lists by multiple Western countries due to its sensitive background. In response, A7A5 revealed that over the past several months it had indeed submitted listing applications to a number of major centralized exchanges, including HTX, but had been rejected by nearly all of them. A7A5 executive Oleg Ogienko stated: We approached all the major centralized exchanges a few months ago, including HTX, but they rejected us almost immediately, because everyone was worried about being hit with "secondary sanctions." "Secondary sanctions" refer to the situation where, even without directly participating in sanctioned activities, any party with business dealings with a sanctioned entity may also be subjected to sanctions by Western governments. Nevertheless, Oleg Ogienko stated that A7A5 remains open to future cooperation with centralized exchanges, but he also admitted that at this stage the company's business model has gradually shifted toward DeFi infrastructure. He noted: We actually no longer need exchange listings now, because our business model is already built on DeFi infrastructure. That said, if any centralized exchange wishes to boost genuine trading volume and attract quality clients, we remain willing to cooperate. Regarding outside skepticism, Oleg Ogienko emphasized that A7A5 fully complies with local regulations in Kyrgyzstan and Russia, as well as with the anti-money laundering and counter-terrorism financing principles established by the Financial Action Task Force (FATF). He stated: "We have not violated any laws."

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ID:2d0eda7a6c

Source:區塊客

Published:2026-05-27 11:05:53

Category:zh_news · Export Category zh

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