bne IntelliNews – Crypto token launched in Kyrgyzstan by Moldovan oligarch facilitates sanctions-dodging billions for Russia, says report
Some $9.3bn in four months has reportedly been moved via a new cryptocurrency token launched in Kyrgyzstan that is designed to enable cross-border payments despite Western sanctions on Russia.
Fugitive Moldovan oligarch Ilan Sor and Russian defence sector bank Promsvyazbank are behind the A7A5 token, said to be the first stablecoin pegged to the Russian ruble, according to a June 25 report from the Financial Times.
The $9.3bn was moved on dedicated crypto exchange…
