After inquiring with Reuters about the platinum sponsorship of the project and the speaking situation at the Singapore summit, Token2049 removed references to #A7A5 (a ruble-backed stablecoin subject to U.S. and U.K. sanctions) from its website. The head of A7A5 claims that its market value has reached 1.2 billion dollars, capturing a 44% share of the non-U.S. dollar stablecoin market. Researchers at Elliptic reported that since its launch in January, A7A5's transfer amount has reached 70.8 billion dollars. The project denies any connection to money laundering and insists on compliance with regulations in Kyrgyzstan.
