The BRICS bloc is advancing efforts to create a blockchain-based international payment system that aims to de-dollarize, focusing on non-dollar currencies like Russia’s Ruble and China’s Yuan. Speculation suggests that…
Browsing: BRICS de-dollarization
The BRICS New Development Bank prioritizes reducing US dollar reliance by promoting the use of local currencies. President Diane Rousseff announced that up to 30% of the bank’s total funding…
Russia becomes the first member of the BRICS bloc to legalize crypto use with the passing of legislation happening in September. Russia will continue to maintain its ban on domestic…
The BRICS countries are discussing the creation of a stable digital currency for international trade and sending remittances. Apart from stablecoins the platform is to enhance the CBDC platforms interoperability…