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A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction ...
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 ...
Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...
A new ruble-backed cryptocurrency called A7A5 has been making headlines after it processed more than $40 billion in transfers, according to blockch ...
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid ...
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 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 ...
A7A5, a new stablecoin backed by the Russian ruble, has reportedly been involved in $9.3 billion worth of transactions with Grinex, which denies any ties to the sanctioned exchange Garantex.
Brussels imposed sanctions on multiple actors who leveraged cryptocurrencies to skirt controls, move funds, and amplify pro‑Kremlin disinformation and interference in elections.
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