Justin Sun said Binance’s recent deposit and withdrawal restrictions involving HTX apply only to users in the United Kingdom and the European Union, framing the move as a compliance response to tighter local rules rather than a broader change affecting all markets. Sun, described as a prominent adviser to HTX and founder of the Tron blockchain, said HTX does not operate in those regions and that negotiations with UK and EU regulators are already in progress. Binance had announced restrictions on transfers involving 11 exchanges and platforms, including HTX. The development comes as the UK’s Financial Conduct Authority, or FCA (U.K. financial regulator), and the EU’s MiCA, or Markets in Crypto-Assets (EU crypto rulebook), impose stricter requirements on crypto asset service providers, including authorization and consumer-protection standards. The broader market reaction was described as muted, with TRX relatively stable after the announcement. Sun said the clarification means users outside the UK and EU can expect business as usual for now, though the situation may evolve as regulatory discussions continue.