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A7A5 Russian stablecoin continues to evade sanctions

Bitcoins on banknotes
Photo: Getty Images

Carmen Cracknell

1 min read
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Despite action taken in August, $6 billion worth of the token is known to have been moved since then.

The Kremlin-backed cryptocurrency A7A5 has again evaded sanctions, according to the FT, after it was reported in August that $9.3 billion worth of transactions involving the token were processed in just four months. 

At least $6 billion has been moved since August, when a number of related entities were blacklisted.

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