OFAC Targets Kyrgyz Crypto Firms Over Russian Stablecoin Activity
99BitcoinsFriday, August 15, 2025 at 3:30:36 AM
The U.S. Treasury has sanctioned several Kyrgyzstan-based companies for their role in a ruble-backed stablecoin, A7A5, which allegedly helps Russia evade economic restrictions related to the Ukraine conflict.
Editor’s Note: This development highlights the ongoing efforts by the U.S. to enforce economic sanctions against entities that support Russia's actions in Ukraine. It underscores the global implications of cryptocurrency in circumventing financial restrictions.
— Curated by the World Pulse Now AI Editorial System
