Regulation· ★★★★· bearish·

ICIJ: $14B in cash flowed through ruble stablecoin A7A5 network

  • —$14 billion in cash moved through the A7 network in the first nine months of 2025
  • —The network handled 283 tonnes of cash rubles from November 2024 to July 2025
  • —Monthly volume peaked at 250 billion rubles by June 2025
  • —OFAC labeled A7 a 'shadow banking structure' and a significant transnational criminal organization on Oct. 1
Why it matters: The probe heightens scrutiny of ruble stablecoins as a sanctions-evasion channel and raises the risk of new restrictions on linked services.
#A7A5
Source: BitNovosti
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