The TRM Labs report points out that Russian individuals and institutions are evading international sanctions through Kyrgyzstan's cryptocurrency platforms, with related activities occupying almost the entire cryptocurrency industry in the country. Since the outbreak of the Russia Ukraine war in early 2022, the number of virtual asset service providers (VASP) in Kyrgyzstan has surged, with industry growth mainly driven by Russian demand. The report found that platforms including Grinex, Meer, and EVDE have clear connections with the closed Russian exchange Garantex and have assisted in large-scale ruble exchange transactions through stablecoins such as A7A5. （Decrypt） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=46238