EU Considers Sanctions on Ruble-Backed Stablecoin A7A5 Linked to Sanctioned Russian Actors

The European Union is reportedly considering sanctions targeting A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors. According to documents reviewed by Bloomberg, the proposed measures would bar EU-based entities and individuals from engaging directly or indirectly in transactions involving the token and would also target several banks in Russia, Belarus and Central Asia alleged […]