Crypto Sanctions Loophole: Token 2049 Controversy
Update: 2025-10-08
Description
Crypto conference controversy! A Russian, ruble-based stablecoin tied to a sanctioned bank sponsored Token 2049 in Singapore, sparking debate over sanctions loopholes. While technically legal due to Singapore's targeted sanctions on financial institutions, the situation highlights global inconsistencies in crypto regulation. Meanwhile, Bitcoin dipped, Ethereum slid, and gold surged past $4,000 amid market uncertainty.
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