Inside the EU's new country-level crypto ban — Here's why HTX and 13 platforms were targeted

The EU has banned 14 crypto platforms, including HTX, for facilitating sanctions evasion by Russian entities, establishing a new country-level enforcement mechanism that targets entire jurisdictions hosting non-compliant exchanges. This signals a regulatory shift where platforms failing to prevent sanctioned users become targets themselves, and host countries risk being cut off from European markets.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.