Bitget Enforces Sanctions on 16 Crypto Platforms While Adding 20+ US Stock Tokens

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Key TakeawaysBitget will enforce compliance measures against 16 crypto platforms including HTX and EXMO in three phases: August 7, 13, and 23.The restrictions align with Binance’s actions and respond to US OFAC sanctions plus the EU’s 21st Russia sanctions framework.HTX disputes the limitations, with Justin Sun claiming they impact only UK and EU users, as settlement negotiations proceed.Bitget’s Stock Dual Investment offering has grown from 6 to over 20 U.S. stock and ETF-linked tokens.Available assets include tokens tracking Nvidia, Tesla, Apple, Coinbase, Meta, and leveraged semiconductor ETFs.This week, Bitget executed two significant strategic initiatives: implementing stricter compliance measures against sanctioned cryptocurrency platforms while simultaneously broadening its stock-linked investment offerings for non-US users.Bitget Implements Restrictions Following Binance’s LeadThe cryptocurrency exchange announced it will implement enhanced compliance protocols targeting 16 designated platforms across three distinct phases.Phase one, launched August 7, affects Aban Tether Exchange and Shelbit. Both platforms face US OFAC sanctions for allegedly facilitating cryptocurrency transactions related to Iran sanctions circumvention, including transfers associated with the Islamic Revolutionary Guard Corps.Phase two, scheduled for August 13, encompasses A7 Africa, A7 Nigeria, and PilotFinance Ltd.Phase three, the most extensive rollout on August 23, includes HTX, EXMO, ABCeX, Aifory Pro, BitPapa, Exnode, Monease, NoOnecrypto, Rapira, Tradex, and WhiteBird. These entities are covered under the EU’s 21st Russia sanctions framework, which was implemented in July 2026.HTX is aware of the recent developments regarding the UK sanctions designations. The HTX exchange is committed to full compliance with all applicable laws and to cooperation with law-enforcement agencies worldwide.The UK’s designation arrived today without prior notice or any…— HTX (@HTX_Global) May 26, 2026Just one day prior, Binance disclosed nearly identical measures, targeting the same entities with matching implementation dates. This synchronized approach indicates both platforms are responding to shared regulatory mandates.According to Bitget’s announcement, transactions involving any listed entity may result in rejection, account investigation, or closure.HTX has challenged these measures. On X, Justin Sun stated the restrictions affect only UK and EU users, regions where HTX claims it doesn’t operate.UK authorities countered this position. The Office of Financial Sanctions Implementation determined the designation applies to HTX’s platform due to its ownership by Huobi Global SA. HTX confirmed ongoing settlement discussions with both UK and EU regulatory bodies.Stock Dual Investment Portfolio Grows to Over 21 TokensIn parallel developments, Bitget announced on August 14 an expansion of its Stock Dual Investment portfolio, increasing from 6 offerings to more than 21 products in less than a month since its July 25 debut.The expanded lineup features tokens tied to Nvidia, Tesla, Apple, Meta, Advanced Micro Devices, Intel, Taiwan Semiconductor, Coinbase, Circle, and Strategy. Additionally, users can access two leveraged semiconductor ETF tokens: rSOXL and rSOXS.The Buy Low mechanism allows participants to subscribe using USDT, select a target price, and acquire the token if that price is reached at settlement. Otherwise, they receive their USDT plus accrued interest. The Sell High mechanism operates inversely, with participants staking tokens and receiving USDT upon reaching the price target.Settlement timing has been adjusted to 11:30 p.m. UTC+8, positioning it 90 minutes following the 9:30 a.m. ET opening of the Nasdaq and NYSE.The platform categorizes Dual Investment as a non-principal-guaranteed instrument. Capital remains locked until expiration, and participants may receive different assets than initially subscribed depending on market movements.In July, Bitget CEO Gracy Chen revealed tokenized traditional assets represented 20 to 30 percent of spot trading volume during the previous quarter, with stock-linked products surpassing $100 million in aggregate volume.US residents currently cannot access the Stock Dual Investment product. Chen indicated the company intends to secure US money-transmitter, derivatives, and broker-dealer licenses before offering services to American clients, though no timeline has been announced.The post Bitget Enforces Sanctions on 16 Crypto Platforms While Adding 20+ US Stock Tokens appeared first on Blockonomi.