Russian lawmakers voted to legalize cryptocurrencies for international settlements in an apparent effort to dodge sanctions imposed by Western countries. …
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U.S. Regulation
U.S. Treasury Official Targets Tether USDT Stablecoin in Russian Sanction Evasion
by Terron Goldby Terron GoldUS Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written …
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Global Adoption
BRICS Group Collaborates on Independent Payment System Using Blockchain and Digital Currency
by Terron Goldby Terron GoldBRICS member Russia announced the creation of a new blockchain-based payment system on March 5th. The blockchain and cryptocurrency-based payment …
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Global Adoption
Detaching From The Dollar: BRICS Inducted 5 New Countries in January 2024 Including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia
by Terron Goldby Terron GoldBRICS inducted five new countries in January 2024 including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia. Argentina …
