Episode Details

A7A5’s Russian-ruble stablecoin is caught in a fierce data war with blockchain analytics firms, who claim its real-world use has collapsed by 90% since the year began — largely due to sanctions and the collapse of its key exchange, Grinex. A7A5 counters that decentralized finance platforms obscure true activity, arguing centralized data providers paint an incomplete picture — even invoking UN principles. The dispute exposes the deep challenges of tracking crypto transactions outside traditional exchanges, especially when privacy and sanctions evasion are at play.

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