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STORY: From another step on the road to formal crypto regulation to the rouble-backed stablecoin that could be helping Russia ...
Despite tightening financial rules and Western sanctions on its traditional banking sector, Kyrgyzstan is seeing a surge in ...
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 ...
Launched in Kyrgyzstan, A7A5 has reportedly processed $41.2B in transaction volume, with a spike during this month, according ...
A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction ...
Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid ...
Russia evades sanctions using Kyrgyz crypto; TRM Labs links shell firms, stablecoins, and weak laws to illicit financial ...
A7A5, a stablecoin pegged to the Russian ruble, has processed over $9.3 billion in transactions on Grinex, a crypto exchange widely viewed as the successor to the sanctioned platform Garantex.
The EU has sanctioned A7 platform and pro-Kremlin influencer Simeon Boikov for using crypto to influence elections and evade ...
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.