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A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction ...
A Ruble-backed stablecoin tied to a Russian defense bank and a sanctioned payments firm has seen its usage spike sharply, with over $40 billion moved through ...
Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...
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Agence France-Presse on MSNNew cryptocurrency may be aiding Russia to dodge sanctionsRussia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid ...
Launched in Kyrgyzstan, A7A5 has reportedly processed $41.2B in transaction volume, with a spike during this month, according ...
A stablecoin, A7A5 enables cross-border payments that most Russian banks cannot offer. Reuters could not independently determine the source of funds in A7A5 or the reasons for the transfers.
Russia evades sanctions using Kyrgyz crypto; TRM Labs links shell firms, stablecoins, and weak laws to illicit financial ...
Russian individuals and groups are using Kyrgyzstan’s cryptocurrency ecosystem to evade international sanctions, according to ...
The EU has sanctioned A7 platform and pro-Kremlin influencer Simeon Boikov for using crypto to influence elections and evade ...
Brussels imposed sanctions on multiple actors who leveraged cryptocurrencies to skirt controls, move funds, and amplify pro‑Kremlin disinformation and interference in elections.
The sanctions “put pressure” on third-country actors to prioritize access to A7 or their relationships with the EU and UK.
A7A5 is designed for investors who are ready to leverage next-generation technologies to achieve higher returns, given the limited alternatives in the world of traditional finance.
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