Key Takeaways
KuCoin updated its compliance rules to flag indirect crypto transactions linked to 17 sanctioned platforms.
According to CryptoSlate, cryptocurrency exchange KuCoin has expanded its sanctions screening to cover indirect transfers involving 17 platforms, which includes the Justin Sun-linked exchange HTX. Under a compliance notice issued on Aug. 27, users may experience held or rejected transactions, enhanced reviews, or account restrictions if their funds connect to any of the listed entities through intermediary services or wallets, even without a direct transfer.
The policy permits KuCoin to screen fund sources, intermediary providers, and transaction addresses. KuCoin has not clarified the number of transaction hops it traces or the precise on-chain attribution required to establish an indirect link. Repeated violations may result in the suspension or withdrawal of platform services.
HTX, the most prominent platform on the list, is also facing restrictions from other major exchanges like Binance, which halted transactions involving HTX and 10 other platforms on Aug. 23. While HTX disputes the allegations and corporate identity labels used in EU regulations, some users have encountered frozen funds on third-party platforms such as Kraken. HTX stated it is pursuing legal and compliance discussions with authorities in the UK and EU to address these disruptions.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
