Russia

BRICS Members Hoping to Develop a Digital “BRICS Pay” Cryptocy International Trade System

With the upcoming annual BRICS Summit in Kazan next week, speculation about a potential gold-backed digital cy and alternative payment system…

2 years ago

Russia Passes Bill to Legalize Crypto to Dodge International Sanctions

Russian lawmakers voted to legalize cryptocurrencies for international settlements in an apparent effort to dodge sanctions imposed by Western countries.…

2 years ago

U.S. Treasury Official Targets Tether USDT Stablecoin in Russian Sanction Evasion

US 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…

2 years ago

BRICS Group Collaborates on Independent Payment System Using Blockchain and Digital Currency

BRICS member Russia announced the creation of a new blockchain-based payment system on March 5th. The blockchain and cryptocy-based payment…

2 years ago

Detaching From The Dollar: BRICS Inducted 5 New Countries in January 2024 Including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia

BRICS inducted five new countries in January 2024 including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia. Argentina…

2 years ago