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- How Kyrgyzstans Stablecoin Is Helping Russia Evade Sanctions
Kyrgyzstan’s A7A5 stablecoin has processed $9 3 billion in transactions, raising concerns over its use for Russian sanctions evasion
- Ruble-Backed A7A5 Stablecoin Moves $9. 3B on Sanctioned . . .
A7A5, a stablecoin pegged to the Russian ruble, has processed over $9 3 billion in transactions on Grinex, the successor to Garantex
- Crypto coin for Russian shadow payments moves $9bn
An FT analysis of wallets linked to Grinex, a crypto exchange also founded very recently in Kyrgyzstan and trading only in A7A5, roubles, and a dollar-pegged stablecoin, shows a total of $9 3bn
- Sanctions-Busting Kyrgyz Cryptocurrency Moves $9 Bln – FT
A cryptocurrency token launched in Kyrgyzstan to help Russia facilitate cross-border payments and bypass international sanctions has moved $9 3 billion in transactions in just four months, the
- A7A5: Circumventing sanctions with stablecoin cryptocurrency
Analysis indicates that at least $149 million has been invested in it as of May 2025, with the potential to generate tens of millions of dollars’ worth of fiat currency (in roubles) through interest for its creators
- Russia moves $9 billion via crypto assets Russia moves $9 . . .
Analysis of digital wallets associated with the exchange shows that transfers involving A7A5 have reached $9 3 billion According to the FT, A7A5 is backed by ruble deposits held at Moscow’s Promsvyazbank—a bank serving Russia’s defense sector that has been sanctioned by the United States, United Kingdom, and the European Union after
- Kyrgyzstan’s A7A5 Stablecoin Shows High Transaction Volume . . .
Kyrgyzstan’s A7A5 stablecoin, backed by the Russian ruble, has astonishingly processed $9 3 billion in transactions within just four months, despite maintaining a modest market cap of $156 million This surge in transaction volume is closely linked to Russia’s strategic use of blockchain technology to circumvent international sanctions, with blockchain analytics revealing connections
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