The most unique crypto news today:
Russia Builds Crypto-Powered Shadow Economy
A Chainalysis report reveals Russia has created a crypto-based underground economy to sidestep Western sanctions. The ruble-backed coin A7A5, issued by a Kyrgyz firm backed by Russia’s Promsvyazbank, has processed over $51.1 billion in transactions—highlighting a deliberate shift toward a financial ecosystem independent of global markets.
Federal Reserve Ends Specialized Crypto Oversight
The U.S. Fed is phasing out its "novel activities" program, which specifically monitored banks' involvement in crypto and fintech. Going forward, such oversight will be folded into the central bank’s routine supervisory framework, reflecting its matured understanding of fintech risks.
UAE Airlines Now Accept Crypto Payments
Passengers flying with Emirates and Air Arabia can now book flights and make in-flight purchases using Bitcoin, Ethereum, and USDT via platforms like Crypto.com—marking a significant step toward mainstream crypto adoption in travel.
