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  • BTC Dominance: 56.52%

Russia

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Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Leave a Comment / Bitcoin, CBDC, COIN, Crypto, Crypto Hacked, crypto payments, Cryptocurrencies, Cryptocurrency, digital coin, Digital Currency, Digital Token, Ethereum, Finance, foreign trade, gold, gold-backed, international settlements, Iran, Iranian, Russia, russian, Stablecoin, Token, trade / / / , , , , , , , , , , , , , , , , , , , ,

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of […]

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Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

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The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with

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Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

Leave a Comment / 2022, 2023, ABN AMRO, appreciation, Bitcoin, Bullish, China, CPI, Crypto Hacked, Cryptocurrency, Demand, Ethereum, Exchange, geopolitical, gold, Gold Mining Bull, Greenback, holdings, India, jewelry, Juerg Kiener, Macro, Metal, metals, mine, MKS Pamp Group, News, Nicky Shiels, Nov. 3, Ole Hansen, ounce, PCE, pent-up, pivot, positive, Purchases, recessionary, Reserve, Rise, Russia, Saxo, silver, soar, Strategy&, Supply, Tensions, trend, troy, U.S. dollar, Ukraine - Russia, War, weaker / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy

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Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Leave a Comment / Bitcoin, brics, BRICS national currencies, Chinese Yuan, commodity, Crypto Hacked, Cryptocurrency, currency market, de-dollarization, Economics, Elena Fabrichnaya, Energy, Ethereum, Federation Assembly, international financial system, Legislation, national currencies, OIL, parliamentary forum, R5 currency, Rand, real, renminbi, reserve currencies, reserve currency, ruble, rupee, Russia, Russian International Affairs Council, Sberbank, Settlement, summit, US Dollar, Valentina Matvienko, Vladimir Putin, Yaroslav Lissovolik / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization Read More »

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Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

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Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in

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Bill on Digital Ruble Submitted to Russian Parliament

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A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to Be the Sole Operator

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