The EU imposes sanctions on the stablecoin A7A5 pegged to the Russian ruble.
PANews, October 23—According to INTERFAX.RU, the European Union has imposed sanctions on the ruble-pegged stablecoin A7A5. The 19th round of sanctions against Russia, announced on Thursday, stipulates that transactions with A7A5 will be prohibited starting November 25 this year. The A7A5 ruble stablecoin is issued by A7 company, with its investor being Promsvyazbank (PSB). The stablecoin is set to launch in Kyrgyzstan in February 2025. It is backed by deposits at Promsvyazbank and pegged to the Russian ruble at a 1:1 ratio. In August, the United States had already imposed sanctions on A7 company and several related companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin and Altcoins Surge Amidst US CPI Drop and Rising Odds of Federal Rate Cut
Crypto Market Sees Green: Bitcoin Soars to $111,500 and Altcoins ETH, XRP, BNB Enjoy 3-5% Gains Amid Lower US Inflation
Selig CFTC Chair Appointment Signals Pro-Crypto Move by Trump
Uniswap Foundation provides up to $9 million in funding to Brevis for building a trustless Routing Rebate program
The Uniswap Foundation has granted funding to Brevis to develop and implement a "Trustless Routing Rebate Program," offering up to $9 million in gas fee rebates to routers integrating v4 Hook pools. This system will utilize Brevis' ZK Data Coprocessor and Pico zkVM to compute and verify all rebate amounts in a trustless manner, without relying on centralized databases or hidden computation. By providing economic incentives to aggregators, this initiative encourages them to prioritize Hook integration, thereby accelerating the adoption of v4.
