The European Union is planning new sanctions against a Russian ruble-backed stablecoin called A7A5. This move aims to curb Russia’s use of cryptocurrency to evade financial restrictions and […]
EU Sanctions Aim to Limit Ruble Stablecoin Flows into Bitcoin
The European Union is poised to sanction the A7A5 stablecoin, a ruble-backed cryptocurrency issued by Russia’s Promsvyazbank and its subsidiary A7. This move aims to disrupt crypto routes […]
Ukraine Strikes Russian Oil Infrastructure: Impact on Crypto Markets
Recent Ukrainian attacks on Russian oil infrastructure, including the Feodosia terminal in Crimea, have heightened geopolitical tensions and disrupted energy markets amidst ongoing conflict. The strikes could influence […]
EU Mulls Sanctions on Russia’s Largest Stablecoin, A7A5
The European Union (EU) is considering sanctions against A7A5, a Russian ruble-backed stablecoin that has become the world’s largest non-US-dollar stablecoin. The proposal would ban EU-based organizations and […]
EU Weighs Sanctions on Russia’s Ruble-Backed Stablecoin A7A5
The European Union is considering sanctions against A7A5, a Russian ruble-backed stablecoin that has become the world’s largest non-US-dollar-pegged stablecoin. A Bloomberg report suggests this move would ban […]
EU Targets Ruble-Backed A7A5 Stablecoin in New Sanctions to Combat Russian Financial Evasion
The European Union (EU) has announced new sanctions targeting the ruble-backed stablecoin A7A5, a move aimed at curbing Russian entities’ use of the asset to circumvent financial restrictions. […]
EU Weighs Sanctions on Russian Stablecoin A7A5 Amidst Geopolitical Tensions
The European Union is intensifying its efforts to combat Russia’s use of cryptocurrency for circumventing sanctions. Reports indicate the EU is considering sanctions against A7A5, a Russian-backed stablecoin […]
Russia’s A7A5 Stablecoin Breaks Through Sanctions to Lead Global Market
Despite facing international sanctions, the A7A5 stablecoin has risen to a market cap of nearly $500 million, claiming over 40% of the non-dollar stablecoin market. This success comes […]
Russia Launches Ruble-Backed Stablecoin to Circumvent Sanctions
Russia has launched A7A5, a ruble-backed stablecoin designed to circumvent US sanctions and facilitate international trade. Promsvyazbank, a state-affiliated bank, is spearheading the launch. The initiative aims to […]
Russian Crypto Network Fuels $6 Billion Cross-Border Payments Amidst Sanctions
A Kremlin-backed crypto network has processed over $6 billion in cross-border payments using the A7A5 stablecoin, challenging US sanctions on the company and raising concerns about regulatory compliance. […]
Russia Tightens Crypto Scrutiny: Impact on Market Dynamics & Compliance
The Russian Central Bank is taking a more assertive stance on cryptocurrency regulations, aiming to strengthen AML protocols and improve transparency in digital financial activities. This initiative has […]
Russia Tests New Legal Framework for Crypto Operations
The Russian government is exploring innovative approaches to regulate cryptocurrency and mining activities. Deputy Finance Minister Ivan Chebeskov revealed that the initiative aims to establish an experimental legal […]
Sberbank Calls for Lifting Bitcoin Trading Ban in Russia
Russia’s largest bank, Sberbank, has requested the removal of restrictions on retail Bitcoin trading. This move could significantly increase access to crypto markets for millions of Russians. The […]
Russia Proposes State-Backed Crypto Bank, Following Belarus’s Success
A Russian advisor has proposed creating a state-backed cryptocurrency bank to legalize shadow transactions worth hundreds of billions rubles. This proposal by Evgeny Masharov, a member of the […]
Russia Unveils Plan for National Cryptocurrency Bank to Regulate Market and Boost Budget
In a bid to regulate Russia’s thriving cryptocurrency market and boost its federal budget revenue, the country is considering launching a national crypto bank. The proposal, introduced by […]