Publication – Ukranian Modern Digital Science

Mykhailo Tiutin & Dr. Oleksiy Feshchenko,

Multi-part Investigative Project
“The Crypto-Web of Power: The History of A7A5”

Middle Ages Finances Combined with Crypto – a Perfect Tool to Bypass Sanctions

Ukrainian Modern Digital Science (UMDS) and the AMLBot put all the puzzle parts together and explain how it works. The crucial information have been published by the Reporter.london and context.ro

O James Ramsden KC & Dr. Khrystyna Khanas,
Dr. Tetiana Dmytrenko

ASTRAEA

From Stablecoins to ‘Digital Bills of Exchange’: Why Monitoring After Sanctions Implementation Is Critically Important

This article examines how Russian financial structures have built a complex hybrid system to evade sanctions through the ruble-backed stablecoin A7A5, the Grinex cryptocurrency exchange, and A7 “digital promissory notes,” combining blockchain transactions, paper-based debt instruments, and networks of companies in third countries. Drawing on journalistic investigations and blockchain analytics, it shows how these tools enabled tens of billions of dollars to be moved abroad while remaining outside regulators’ visibility — and why sanctions without continuous post-sanctions monitoring become ineffective.

Olexandr Chernykh & Dr. Khrystyna Khanas

ASTRAEA

RUSSIA IS ONE STEP AHEAD IN THE GAME
OF CRYPTO ‘WHACK A MOLE’.

an analytical article entitled “russia is one step ahead in the game of ‘find the mole’”, the authors of which were Ukrainian researchers, including financiers and digital security specialists, in particular UMDS experts Oleksandr Chernykh, Tetiana Dmytrenko, Vlad Tsvirkun and a dually qualified English solicitor and Ukrainian lawyer Khrystyna Khanas.

Dr. Dmytrenko, T. L.
Doctoral dissertation, SESE Academy of financial management, MFU (2025).

Risk-based approach to the regulation of digital asset turnover in the field of Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF). – Qualifying scientific work on manuscript rights.

The dissertation is dedicated to a comprehensive study of the theoretical and methodological foundations of risk assessment and management in digital asset turnover within the framework of anti-money laundering and counter-terrorist financing (AML/CTF). Based on the systematization and critical analysis of scientific research conducted by both foreign and domestic scholars, the economic essence of the concepts of «risk» and «uncertainty» is revealed. The dissertation classifies the concept of «risk» across its types and various scientific disciplines.

Rates.fm – Думки експертів

Since January 2025, as part of the cooperation between UMDS experts and the rates.fm team, we have begun publishing articles on public-private partnerships, the development of a transparent crypto market, international and European standards for regulating the crypto market, and in the field of combating money laundering and terrorist financing, combating cybercrime, including practical cases and typologies.