Analysis · Regulation & Policy
FinCEN proposes a total ban on transactions with the Russia-linked shadow banking network's sub-agents, which processed $17 billion in fiat and $179 billion in A7A5 stablecoin volume.
Key point 1 of 3
01
The U.S. Treasury has proposed a rule to block all transactions with the A7 Network's global Sub-Agents, which processed over $17 billion in fiat.
Key point 2 of 3
02
The ruble-backed A7A5 stablecoin saw over $179.1 billion in transaction volume between February 2025 and June 2026 across Ethereum and Tron.
Key point 3 of 3
03
The A7 Network facilitated transactions for Iran's IRGC, Hamas, the Iranian shadow oil fleet, and laundered funds from North Korean exchange hacks.
Context
The A7 Network was launched in September 2024 by Moldovan oligarch Ilan Shor and Russia's state-owned Promsvyazbank to bypass Western sanctions.
Why it matters
U.S. financial institutions and crypto firms must immediately screen for and block transactions associated with A7 Sub-Agents. Non-U.S.
What to watch
The public comment period for FinCEN's proposed rule will close 30 days after its publication in the Federal Register, after which the transaction ban will proceed toward…
Sources
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