Oh, great, the European Union is reportedly eyeballing some juicy sanctions on A7A5, that sneaky Russian ruble-backed stablecoin that’s basically the world’s biggest non-dollar-pegged drama queen in crypto town. Because who doesn’t love a good international stare-down?
Per Bloomberg (because where else would you get this gossip?), this move would basically ghost EU companies and peeps from flirting with the token, directly or through some third-party wink-wink. Boom. Blocked. 🙄
A7A5’s explosive rise? It’s like the token hit the jackpot just days after the EU dropped new crypto sanctions on September 19, spiking from a measly $140 million to a whopping $491 million in one wild day-a 250% meltdown-into-party, according to CoinMarketCap. Now it’s chilling at around $488 million, hogging 43% of all non-US-dollar stablecoins. Talk about a comeback kid… or robot? 🤖💥
Launched in February on Ethereum and Tron by Moldovan banker Ilan Shor (rings a bell? 🔔) and Russia’s very own state-owned Promsvyazbank, it’s supposedly backed by a “diversified portfolio” of fiat goodies stashed in Kyrgyz banks. Sure, Jan. Whatever you say. 😒
Oh, and get this: Despite getting the big ol’ sanction slap and even a boot from Singapore, A7A5 crashed Token2049 like an uninvited ex at a wedding. Organizers later yanked it off the invite list. Classy. 🎉➡️🚪
📍A7A5 at TOKEN2049: How non-USD stablecoins are reshaping global finance
At the flagship crypto conference in Singapore, A7A5 presented a strategic view on the future of stablecoins. Key points from the talk by Oleg Ogienko, Director of International Development:
🔵 By 2028,…
– A7A5 (@A7A5official) October 2, 2025
EU Targets Russia’s Sanction Dodging Shenanigans
The EU’s plot twist here is all about snuffing out Russia’s creative attempts to sidestep Western sanctions via crypto and other shady maneuvers. They’ve already zapped Russian crypto platforms and banks linked to the naughty list.
The US and UK? They’ve already gone full blacklist on banks and exchanges tangled in Russia’s financial web. Copycats, amirite? 🌐🛑
These proposed EU sanctions? Gotta get the thumbs-up from all 27 member states before they go live. If they pass, it’s just another nail in the coffin for Moscow’s digital asset antics. Or should I say, another leak in the boat? Will Russia keep afloat? Stay tuned for more geopolitical popcorn. 🍿
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2025-10-07 07:18