Crypto exchange HTX rejects U.K. sanction allegations, says it refused ruble stablecoin listing
Key takeaways
- By Sam Reynolds|Edited by Sheldon Reback May 27, 2026, 9:58 a.m.
- However, following our rigorous internal due diligence and compliance review processes, their application was explicitly rejected," a spokesperson for HTX told CoinDesk.
- The token's issuer, A7 LLC, is already sanctioned by many Western governments.
By Sam Reynolds|Edited by Sheldon Reback May 27, 2026, 9:58 a.m. 2 min read Make preferred on Russian flag (Coin Desk archives)What to know: Britain sanctioned the issuer of the ruble-linked A7A5 stablecoin and says it had reasonable grounds to suspect the HTX crypto exchange assisted the project.Both HTX and A7A5 executive Oleg Ogienko said the exchange rejected A7A5’s listing application, as did other centralized exchanges concerned about secondary sanctions.Ogienko insisted A7A5 complies with Kyrgyz, Russian and FATF rules.Crypto exchange HTX rejected U.K. claims it helped Russia's “illicit financial infrastructure" used for moving funds and sustaining the country's war in Ukraine, saying it refused a listing application from the A7A5 ruble stablecoin.
"A7A5 was trying to list their stablecoin. However, following our rigorous internal due diligence and compliance review processes, their application was explicitly rejected," a spokesperson for HTX told CoinDesk.
The token's issuer, A7 LLC, is already sanctioned by many Western governments.