Grinex Responds to FT Investigation on Ruble Stablecoin A7A5 amid Regulatory Scrutiny

The representatives of the Kyrgyz crypto platform Grinex responded to the investigation by the Financial Times concerning the ruble-pegged stablecoin A7A5. They stated that transactions originating from CIS countries are automatically flagged as 'toxic' by AML services, despite the ruble remaining a core currency in the regional economies. Grinex perceives this as dishonest competition, where major players leverage AML services to lure clients to other exchanges using such narratives. They emphasized that supporting stablecoins is part of Grinex’s broader strategy, choosing A7A5 for its transparency and clear legal framework. The interest and liquidity of A7A5 are rising amid increased restrictions and blockages against Tether. Grinex firmly condemns all illegal activities, including sanctions evasion and money laundering, affirming that their platform strictly adheres to international AML/KYC standards and checks clients against sanctions lists.