Garantex A7A5 and Dem Wey Follow Am Dey Shake OFAC Sanctions
Garantex, wen dem OFAC for US Treasury label am for 2022 afta e process di over $100 million for bad transactions an handle at least $96 billion from 2019 reach March 2025, e start new platforms Grinex an Meer for December 2024 sharp sharp. Weeks before US, German and Finnish dem come join hands to seize Garantex infrastructure for March 2025, di exchange move users assets go di ruble pegged stablecoin A7A5 to avoid asset freeze. After di crackdown, trading volume for Meer wey list A7A5 come increase well well. TRM Labs report dey warn say opaque fiat pegged tokens and dem contingency plan fit help people avoid sanctions. Crypto traders suppose dey watch governance transparency of non-public stablecoins like A7A5 an dey look out for successor exchanges to manage compliance risks an possible market wahala.
Bearish
For short term, di succesful migration of assets go A7A5 and sharp rise for trading volumes for platforms wey follow like Meer fit increase demand for the stablecoin, e go support the peg small time. But as e show say A7A5 dey help people avoid sanctions and e no too clear for governance, e cause bigger regulatory and compliance risks. This one fit shake market confidence well well and e fit make exchanges and institutional players stop or remove the token. For long term, the increased watchfulness and possible legal action against unclear stablecoins like A7A5 fit make people use am less and e lose value, e go make the outlook bearish.