OFAC Don Sanction A7A5 Ruble-Backed Token, Grinex and Garantex
For August 14, 2025, di US Treasury Office of Foreign Assets Control (OFAC) don sanction the A7A5 ruble-backed token, di people wey issue am, Old Vector, plus Grinex and Garantex exchanges inside one sanction action wey dem use target Russian-linked crypto networks. OFAC sanctions na to stop people from dodging sanctions through crypto networks. A7A5 wey Old Vector from Kyrgyzstan issue and e get guarantee inside deposits for Promsvyazbank wey dem don sanction, don carry out over $51.17 billion na on-chain trading volume mainly for Tron (TRX) and Ethereum (ETH) networks during weekdays. After Garantex shut down for March, tokens wey dem burn for Garantex dem reissued am again to support liquidity for Grinex wey take in Garantex old users. One new centralized DEX wey dem just launch for A7A5-to-stablecoin swaps don move $1.46 billion, e dey make people fear say dem fit dey dodge sanctions through cross-border crypto rails. Dis move show how Russia dey try make crypto payments for cross-border transactions legal and e show compliance risks plus possible liquidity wahala for the A7A5 ruble-backed token.
Bearish
OFAC sanctions wey dem put for A7A5 ruble-backed token and di platforms wey join am no good for A7A5 future. For short time, compliance wahala plus di asset burn-and-reissue wahala wey follow Garantex closing fit make people dey rush sell and market liquidity go scatter scatter. For long term, as regulator dey watch well well and some places fit remove am, e fit make people no trust am again, no go fit get many users, and demand for A7A5 ruble-backed token go drop, wey go make price recovery hard.