#CryptoDrama #SanctionsVsCrypto #TokenPolitics

Transcript

00:00Alright, let's talk about the wildest thing that just happened in the crypto world.

00:03Imagine you're at Token249 in Singapore, one of the biggest crypto conferences on the planet.

00:09Boots everywhere, big names right in the middle.

00:11A stable coin called A7A5, backed by the Russian ruble.

00:14Now here's the kicker.

00:16A7A5 isn't just any token, it's run by a Kyrgyzstan-based company and it came with baggage, a lot of it.

00:22It's under US sanctions, it's under UK sanctions for allegedly helping dodge western financial controls.

00:27Yeah, there he is, their regulatory director, Oleg Ogienko, on stage.

00:30Then, boom, reporters start asking questions, pressure mounts.

00:33Organizers quietly scrub all mentions of A7A5 and Ogienko from the event.

00:38Like, they were never there.

00:40So, why does this matter?

00:42I.e. our first end sanction, messy sanctions in crypto.

00:45A flag project in one place can slip into global venues via loopholes, Singapore, Hong Kong, where A7A5 isn't sanctioned.

00:51Regulation, jurisdiction, friction, plain and simple.

00:54Second, it's about reputation.

00:55Conferences want big sponsors, but the risk is massive.

00:58When the heat's on, events draw a line.

00:59Wildstat A7A5 processed over $70 billion in transfers since launch.

01:06Insane growth under everyone's noses.

01:08Bottom line, crypto's global, but the rules aren't.

01:11Law, money, reputation.

01:12When they collide, things get messy fast.

01:15This industry's still got some serious rough edges.