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 Could See One Last Drop Before the Bull Run Resumes
Must Public Chains Embrace the Meme Trend?
The experience of Solana teaches us that "governments" should not direct the development of "enterprises."
Space Review｜JST Buyback and Burn Plan Officially Launched, Ushering in a New Chapter for TRON DeFi Value
The large-scale JST buyback and burn plan has been launched, injecting protocol net income into a deflationary model to build a sustainable "value flywheel."
Virtuals Robotics: Why Did We Enter the Field of Embodied Intelligence?
Digital intelligence acquires physical entities, integrating thought and action in the field of robotics.
Trending news
MoreCrypto prices
More
