According to Reuters, cryptocurrency conference Token2049, which recently concluded in Singapore, removed a reference to ruble-backed stablecoin project A7A5 from its website, whose issuer has been sanctioned by the United States and the United Kingdom.
It is understood that the entity behind the ruble-backed A7A5 stablecoin was sanctioned in August by the US Office of Foreign Assets Control (OFAC), which claimed that the token "was created for Russian clients of A7 LLC (A7), a Russian company that provides a cross-border settlement platform for sanctions evasion". The UK soon followed suit, imposing sanctions on the project's backers, claiming that the token was "specifically designed to circumvent Western sanctions".
Token2049 has removed references to A7A5 from its website due to US sanctions against the entity behind it
2025-10-04 21:44:38
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