Various companies based on Kyrgyzstan were also investigated after they helped Russia with stabilcoins to bypass the sanctions.
The US Department of Finance Foreign Trust Office (OFAC) on 14 August against various companies and individuals imposed. According to OFAC, these people and companies have helped Russia with stable coins to play international sanctions at war in Ukraine.
According to information, the US Asset Management Office has punished both companies with Russian relations and foreign mediators who have promoted large – -scale, cross -border transactions for us and EU -restricted organizations.
The movement emphasizes the growing interest of AC for Stabilcoins, of which supervisors have shown to be a popular tool for playing sanctions due to rapid transactions and low costs.
These companies were punished by the US
For example $ 1 billion transferred For Russian organizations, says the elliptical blockchain analysis company.
The A7 and its subsidiaries, the majority owners of the A71 and A7 agent, who was convicted in 2017 after stolen $ 1 billion of three Moldavian banks, and a sanctioned Russian Financial Institution-Prompsvyazbank (PSB). Shor and the PSB are now being accused of undermining democratic processes abroad, including alleged voices in the Moldova 2024 elections.
It is worth noting that Old Vector LLC, based in Kyrgyzstan, is A7A5 token. And although Kyrgyzstan maintains a flexible regulatory framework for cryptocurrencies, the American authorities say that the company was an integral part of the sanction network of Russia.
Because of the news, the A7A5, launched in May, was immediately lost by the rubles. Source: Mint market cap
In addition to the A7, OFAC also focuses on organizations related to Sergei Mendeleev, CO founder of the Sanctioned Garantex Cryptocol, which was used to relocate illegal funds, including the help of Tether Stable, USDT. Garrantex was abolished with the help of the American secret service, which, with the help of Tether, frozen $ 26 million in USDT.
In addition, Grinex, based in Kyrgyzstan, received by Elliptic as a successor to Garrantex, also received sanctions for promoting A7A5 and USDT forbidden trade.
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