EU eyes sanctions on Russia’s A7A5 after it overtakes all non-dollar stablecoins

The European Union is moving to impose sanctions on A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors, according to internal documents allegedly reviewed by Bloomberg. The proposal would block any direct or indirect transactions between EU-based entities and the token. It would also hit several banks in Russia, Belarus, and Central Asia that have […] source: https://www.cryptopolitan.com/eu-eyes-sanctions-on-russias-a7a5/