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Grinex and Russian-Backed Stablecoins Drive $4.2B Crypto Surge in Kyrgyzstan Amid Sanctions
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5 Articles
Grinex and Russian-Backed Stablecoins Drive $4.2B Crypto Surge in Kyrgyzstan Amid Sanctions
The post Grinex and Russian-Backed Stablecoins Drive $4.2B Crypto Surge in Kyrgyzstan Amid Sanctions appeared on BitcoinEthereumNews.com. Russian entities are leveraging Kyrgyz cryptocurrency platforms to circumvent international sanctions, driving transaction volumes from $59 million in 2022 to $4.2 billion by mid-2024, making Kyrgyz platforms critical for Russia’s global financial access. Kyrgyz crypto platforms have become a major hub for Rus…
decrypt.co+2 Reposted by 2 other sources
Russian Entities Using Kyrgyzstan’s Crypto Industry to Evade Sanctions: Report
TRM Labs found that Russia-linked activity accounts for almost all of Kyrgyzstan’s cryptocurrency industry.
·New York, United States
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