The Russian ruble-backed stablecoin A7A5 has been officially recognized as a digital financial asset by the Central Bank of Russia, marking a significant milestone for digital currencies in the country. This recognition allows A7A5 to be used legally for cross-border transactions by Russian importers and exporters, potentially streamlining international trade processes.
A7A5, which was issued in February 2025 in Kyrgyzstan, boasts a market capitalization of over 41 billion rubles. Transactions involving A7A5 are facilitated through the 'Tokeon' platform, a part of the PSB Group. The Central Bank's decision aligns with updated regulatory requirements and is expected to enhance trade efficiency by eliminating VAT on these transactions.
Russian Central Bank Recognizes A7A5 Stablecoin as Digital Financial Asset
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