BITPRISMIA
The rouble-backed stablecoin A7A5, operated by Russian state-linked Promsvyazbank, has surpassed $40 billion in transactions, primarily used to bypass Western sanctions and facilitate cross-border payments, particularly between Russia and China.
Kyrgyzstan has become a crypto hub facilitating Russia's evasion of sanctions and funding of the Ukraine war, with licensed crypto activity surging to $4.2 billion in 2024, according to TRM Labs.