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NEWS: Rouble-backed token targeted by US sanctions sponsors top crypto conference

Crew members work at the TOKEN2049 crypto conference wearing t-shirts printed with A7A5's logo in Singapore, October 2, 2025. REUTERS/Rae Wee

By Rae Wee

THE business behind a rouble-backed cryptocurrency targeted by U.S. sanctions was among the sponsors of a major crypto conference in Singapore this week, as demand soars for the token, used by Russians.

The TOKEN2049 event is one of the biggest on the global crypto calendar, with more than 25,000 attendees, over 500 exhibitors, and industry elite among the speakers, including the eldest son of the U.S. president.

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