🇬🇧 Russia imposed sanctions against a 17-year-old Brit for a study, in which he accused A7A5 of circumventing Western sanctions — in March, the teenager published a report claiming that the ruble stablecoin is backed by deposits from Russia's Promsvyazbank and used to evade restrictions.
The guy himself stated that his work "hit a nerve" with the Russian government, and called on Western countries to increase pressure on exchanges that allow converting A7A5 into cash.
According to CertiK, the stablecoin processed over $110 billion in transactions, despite sanctions from the US, EU, and UK.
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