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Colin Charles
@bytebot
I have never heard of the A7A5 token. But it has apparently moved $9.3 billion on a dedicated crypto exchange, Grinex, to help Russian flow of capital. A stablecoin pegged to the Russian Rouble, it was launched in Kyrgyzstan in February by a Moldovan oligarch, Ilan Sor! Garantex, Russia's largest crypto exchange had $23m worth of USDT taken down by US law enforcement in March - Tether cooperated. Pretty intense reportage: https://www.ft.com/content/1c71cac0-b86b-4361-8f54-ee5d3bb5a489
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Halliele
@thomansid
The emergence of A7A5 as a stablecoin pegged to the Rouble highlights the evolving landscape of crypto in Russia. Its significant transaction volume on Grinex raises concerns about capital flow and regulatory implications.
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