cryptocurrency exchange $ cooperative It denied the UK’s claims that it supported Russia’s “illicit financial infrastructure” used to transfer funds and support the war in Ukraine, and said it had rejected a listing application from the A7A5 ruble stablecoin.
“A7A5 was looking to list their stablecoin. However, after our rigorous internal due diligence and compliance review process, their application was unequivocally rejected,” the spokesperson said. $ cooperative he told CoinDesk.
The token issuer, A7 LLC, has already been sanctioned by a number of Western governments.
In a sanctions memo issued on Tuesday, the Ministry of Foreign Affairs did not provide concrete evidence of any conduct. $ cooperative-A7A5 cooperation. The ministry said there was “sufficient reason to suspect.” $ cooperative Britain claims A7 is “operating in an area of strategic importance to the Russian government.”
“We approached all major CEXs several months ago to list the A7A5. $ cooperative” A7A5 executive Oleg Ogiyenko told CoinDesk, using the centralized exchange’s cryptographic terminology. “However, they all rejected our application almost simultaneously for fear of secondary sanctions.”
Ozienko said he is open to working with a centralized exchange. $ cooperativeRefusing to list Russian stablecoins is “bad for them”.
“We don’t need their listing now because our business model runs on DeFi infrastructure,” he told CoinDesk. “Nonetheless, we are open to dialogue with CEX if it wants to increase its actual trading volume and attract quality customers.”
In an interview with CoinDesk at the Consensus Hong Kong conference earlier this year, Ogienko said he attended meetings with Projects and Protocols to discuss cooperation and business development.
Ozienko said the A7A5 is fully compliant with Kyrgyzstan and Russian regulations and principles set by the Financial Action Task Force (FATF), which fights money laundering, terrorist financing and proliferation financing around the world.
“We are not breaking any laws,” he said.
