The European Union has announced sanctions on the A7A5 stablecoin, which is pegged to the Russian ruble. This move is part of the EU's 19th round of sanctions against Russia, set to take effect on November 25th. The A7A5 stablecoin, launched in Kyrgyzstan in February 2025, is issued by A7 and backed by VTB Bank, maintaining a 1:1 peg to the ruble. The sanctions prohibit any transactions involving the A7A5 stablecoin, further tightening financial restrictions on Russian-linked digital assets. This follows the United States' sanctions on A7 and related entities in August, highlighting increased international scrutiny on financial instruments tied to Russia.
EU Sanctions A7A5 Stablecoin Pegged to Russian Ruble
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