⚓️Asia Morning Briefing:🎗🎗

⚡️⚡️ Why Russia-Linked Stablecoin Issuer #A7A5 Could Exhibit at Token2049 Despite Singapore Sanctions......

🎗Singapore made a bold move in its usual foreign policy of neutrality by sanctioning Promsvyazbank, a bank associated with the ruble stablecoin issuer A7A5, due to Russia's invasion of Ukraine. But A7A5 was able to legally make an appearance at Token2049 because the conference is organized by a Hong Kong....🎎🎎

⚓️What to Know🎯🎖

✨️✨️A ruble-backed stablecoin tied to a sanctioned Russian bank sponsored Singapore's largest crypto event, raising compliance concerns.🎯🛑

🗽🗽Former White House Crypto Policy Director Bo Hines praised Tether's stablecoin at Token2049, while a sanctioned issuer also spoke.

Bitcoin hit a record high above $125,000 amid U.S. government shutdown fears and increased demand for safe-haven assets.⚓️⚓️

🏕🏕Good Morning, Asia. Here's what's making news in the markets:🛑🛑

♠️♠️A ruble-backed stablecoin tied to a sanctioned Russian defense bank somehow ended up sponsoring Singapore’s biggest crypto event, creating a compliance headache that exposed how easily financial sanctions blur across jurisdictions.🎉

🎖🎖On Friday morning, former White House Crypto Policy Director Bo Hines took to the stage at Token2049 to extol the virtues of Tether – his new employer – and its Genius-act compliant stablecoin USAT. A guarantor of U.S. dollar hegemony, which the world seems to want, is how he described it.♨️♨️

🔥🔥A few hours later, Oleg Ogienko, A7A5's director for regulatory and overseas affairs, a ruble-backed stablecoin issuer targeted by authorities worldwide took to the stage with a very different message.🪄🪄🪄