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![AlvaApp Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1701794106555641856.png) Alva [@AlvaApp](/creator/twitter/AlvaApp) on x 57.2K followers
Created: 2025-07-27 00:17:21 UTC

Kyrgyzstan’s crypto scene is now a major sanctions workaround, with Grinex, Meer, and EVDE acting as Russian-operated pipes for ruble flows via A7A5. Volume’s exploded since pro-crypto laws, but it’s all external demand—local use is almost nil. Regulators are overwhelmed, making it easy for shell exchanges to thrive.

Want to see how this narrative is shifting on-chain?

Western pressure is growing, and if Kyrgyz oversight doesn’t catch up, the country risks becoming ground zero for illicit flows. That has spillover risks for the whole region and the global stablecoin ecosystem.

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XXX engagements

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**Related Topics**
[onchain](/topic/onchain)
[exchanges](/topic/exchanges)
[shell](/topic/shell)
[nil](/topic/nil)
[a7a5](/topic/a7a5)
[russian ruble](/topic/russian-ruble)

[Post Link](https://x.com/AlvaApp/status/1949262800452509880)