Will EU sanctions choke ruble stablecoin routes into Bitcoin?

The European Union (EU) is moving to choke off A7A5, the ruble-backed token routing billions through Kyrgyzstan into European crypto markets, but available data suggests the sanctioned flow represents just 2.37% of the bloc-wide Bitcoin trading volume. As Bloomberg News reported on Oct. 6, the EU proposed sanctions on A7A5, the stablecoin issued by cross-border The post Will EU sanctions choke ruble stablecoin routes into Bitcoin? appeared first on CryptoSlate.