bne IntelliNews – Kyrgyzstan remains tight-lipped over crypto exchange facilitating huge financial flows to sanctioned Russia
Officials in Kyrgyzstan have remained tight-lipped about the Grinex crypto exchange registered in the country on which $9.3bn was reportedly moved over four months using a new cryptocurrency token, A7A5, designed to enable cross-border payments that avoid Western sanctions on Russia, according to a Radio Azattyk report.
“The lack of transparency [over this exchange and cryptocurrency token] creates an ideal environment for illicit financial activity,” Aizada Abdyldaeva, a financial law expert at the Bishkek-based American University of…
