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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 ...
The sanctions “put pressure” on third-country actors to prioritize access to A7 or their relationships with the EU and UK.
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 ...
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 rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction ...
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, 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.
A7A5: The Solution The launch of A7A5, followed by its listing on both CEX and DEX, marks the first step in expanding the range of tools available to crypto investors, including: ...
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