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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 ...
Total exchange volumes have reached $8.5 billion, with 61% traded between A7A5 and rubles. The rest are trades between A7A5 ...
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 ...
Russia evades sanctions using Kyrgyz crypto; TRM Labs links shell firms, stablecoins, and weak laws to illicit financial ...
Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid ...
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 ...
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.
Kyrgyzstan's official silence on a rapidly growing cryptocurrency exchange, Grinex, is raising international concerns about ...
A7A5 is a stablecoin -- a form of cryptocurrency backed by traditional assets -- in this case pegged to the ruble, making it harder for Western authorities to monitor than dollar-based alternatives.
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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