Russia’s A7A5 stablecoin network says it’s totally gone legit

Homepage > News > Finance > Russia’s A7A5 stablecoin network says it’s totally gone legit TL;DR: A Coinbase-funded think tank says emerging markets hold about two-thirds of global stablecoin supply and urges governments to license local-currency coins before dollar tokens take over. The Financial Stability Board warns G20 leaders that cross-border stablecoin oversight is still immature and untested in a crisis. Meanwhile, the UK has hit Russia’s A7 sanctions-evasion network with fresh sanctions, even as A7 launches a “compliant” USDT-to-SWIFT payment service. Key Takeaways: Coinbase hypes emerging market stablecoin vanguard. A paper from its think tank argues the question is no longer whether stablecoins arrive, but whether they arrive inside or outside a regulatory perimeter. FSB Chair Andrew Bailey told G20 finance ministers that cross-border oversight, crisis management and insolvency mechanisms for stablecoins remain immature. UK hits A7 Network with new sanctions withthree exchanges, two payment platforms and one individual targeted. Most are in Kyrgyzstan, but one, Xeltox Enterprises, is in Vancouver. The network behind the ruble-pegged A7A5 stablecoin launched A7 In...