Justin Sun says Binance's HTX restrictions apply only to UK and EU users
HTX adviser Justin Sun said Binance's transfer limits are a local compliance measure tied to UK and EU rules, while Binance's notice did not specify any territorial scope and covered 11 platforms including HTX.
Justin Sun said Binance's recent deposit and withdrawal restrictions involving HTX apply only to users in the United Kingdom and European Union, presenting the move as a local compliance response rather than a broader global policy shift. Binance's notice, however, addressed all users, named no countries, and said transactions involving the listed platforms may be held for compliance review after the effective dates. The announcement covered 11 platforms, with HTX facing an Aug. 23 cutoff. Sun said HTX is in talks with UK and EU regulators and that affected users can seek help from customer service, but the public record cited here more clearly supports discussions with the UK's Financial Conduct Authority than with any named EU authority.
- FCA: The Financial Conduct Authority, the United Kingdom's financial regulator, which has alleged HTX promoted services illegally in Britain and is in negotiations with the platform.
- MiCA: The European Union's Markets in Crypto-Assets regulation, a bloc-wide rulebook for crypto asset service providers covering authorization and consumer-protection requirements.
- Compliance review: A check by an exchange on transactions or counterparties to assess regulatory or sanctions risk, which can result in transfers being held or restricted.