Russian Stablecoin A7A5 Linked to Blacklisted Bank Draws Controversy Through Sponsorship and Participation at Singapore’s Token2049
A ruble-backed stablecoin linked to a sanctioned Russian bank appeared at Singapore’s Token2049 conference, raising questions about compliance. Despite U.S. and U.K. sanctions, the coin continues to operate and gain use in international markets, showing the challenge of enforcing rules across borders.