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Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...
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 ...
Launched in Kyrgyzstan, A7A5 has reportedly processed $41.2B in transaction volume, with a spike during this month, according ...
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YEN.com.gh on MSNNew cryptocurrency may be aiding Russia to dodge sanctions
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 ...
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.
A7A5 and Grinex appear to have emerged and grown in the wake of the collapse of another major Russian shadow payments system. Garantex, Russia’s largest crypto exchange, was taken down by US law ...
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 ...
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.
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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