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EU Is Said to Weigh Sanctions Against Russia-Linked Stablecoin A7A5 (SBC-USD:Cryptocurrency)

The European Union is said to have proposed imposing sanctions on A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors.

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EU is said to weigh sanctions against Russia-linked stablecoin A7A5 (SBC-USD:Cryptocurrency)

The European Union is said to have proposed imposing sanctions on A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors.

14 hours ago·United States

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Bloomberg

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EU Mulls Sanctions Against Russia-Linked Stablecoin A7A5

The European Union has proposed imposing sanctions on A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors, according to documents seen by Bloomberg News.

1 day ago·United States

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bitdegree.org

Europe Considers Blocking Non-Dollar Stablecoin A7A5

The EU is considering banning A7A5, a ruble-based stablecoin, to prevent individuals and companies from bypassing sanctions.

9 hours ago

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PYMNTS.com

EU Weighs Sanctioning Russia-Connected A7A5 Stablecoin

The European Union proposed sanctions on a ruble-backed stablecoin called A7A5 that is tied to Russians who are themselves under sanctions.

10 hours ago

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TVR MOLDOVA

Ilan Shor's Cryptocurrency Has Come Under the Eu's Scrutiny

The European Union wants to impose sanctions on Ilan Shor's cryptocurrency. The A7A5 digital currency is backed by money deposited in rubles at Promsvyazbank, a state-owned bank in Russia that works mainly for the Russian Ministry of Defense. The cryptocurrency is linked to the Grinex cryptocurrency exchange, which, according to the US Treasury, is the successor to the Russian Garantex exchange, which was sanctioned by the US in 2022.

11 hours ago

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