US Sanctions Ruble-Backed Stablecoin A7A5 and Garantex-Related Companies and Individuals
Foresight News reports, citing Cointelegraph, that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on the ruble-backed stablecoin A7A5 and on companies and individuals associated with the now-defunct exchange Garantex, accusing them of helping Moscow circumvent international sanctions. Previously, the crypto trading platform Grinex transferred Garantex customer funds to the A7A5 token in order to restore access after assets were seized. The token is issued by Kyrgyzstan-based company Old Vector and was created by A7 LLC, a cross-border settlement platform designed specifically for Russian users.
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
TSMC may raise its annual revenue guidance when releasing its third-quarter earnings
AMD launches Helion intelligent agent AI rack design, supporting up to 32,768 cores, jointly endorsed by eight manufacturers including Cisco and Dell.
AMD has released the Helion Intelligent Agent AI rack design, based on the Open Compute Project (OCP) standard. The CPU-only configuration supports up to 32,768 CPU cores, while also offering an integrated CPU+GPU enterprise setup. The platform features a built-in token router and supports multi-model scheduling. Eight major hardware manufacturers, including Cisco, Dell, and HPE, have announced their support. Related products are expected to launch in November 2026.
Crypto prices
More
