Russian Officials Flag $129B in Annual Crypto Flows Operating “Outside Our Attention”
Deputy Finance Minister Ivan Chebeskov told a government forum that Russia’s crypto market moves about $129 billion per year and that daily transactions were approaching 50 billion rubles, a volume he said was operating “outside our attention.” Those figures have intensified pressure from the Finance Ministry and the Central Bank to accelerate formal digital-asset rules […]
Russia-Linked A7A5 Stablecoin Processed $100 BN Before Sanctions, Elliptic Finds
Elliptic says A7A5, a ruble-pegged stablecoin linked to A7 LLC and supported by sanctioned Promsvyazbank, moved more than $100 billion in on-chain transfers within its first year. The scale matters because the activity built quickly before coordinated Western sanctions hit the token’s liquidity and market access.
Russia’s Largest Bank Considers Launching Crypto-Collateral Lending
Sberbank is exploring ruble-denominated loans secured by cryptocurrencies, positioning the product as a liquidity tool for corporate and retail clients who want access to cash without selling their holdings. The initiative is being developed alongside pilot token issuance and custody plans, with a regulatory roadmap targeting full implementation by July 1, 2026, and it is […]