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Russia

brics-currencies-to-have-no-alternative,-former-russian-president-medvedev-says

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Leave a Comment / Bitcoin, Brazil, brics, China, Crypto Hacked, Cryptocurrency, currencies, Digital Currencies, Digital Currency, dmitry medvedev, Dollar, Ethereum, Euro, Fiat, Finance, former president, India, Medvedev, President, ruble, rupee, Russia, russian, South Africa, Yuan / / / , , , , , , , , , , , , , , , , , , , ,

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says Read More »

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Binance Reportedly Removes Restrictions on Russian Users

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The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa

Binance Reportedly Removes Restrictions on Russian Users Read More »

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BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

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Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number of Candidates Continues to Grow The BRICS group of nations

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit Read More »

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Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted

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Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted Read More »

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Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

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Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar Read More »

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Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela. Argentine Peso Plunges 10%

Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela Read More »

jeffrey-tucker-says-dollar-will-be-dethroned,-russian-official-speaks-on-de-dollarization,-and-a-look-at-historic-fractional-reserve-banking-in-italy-—-week-in-review

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review

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Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s

Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy — Week in Review Read More »

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Russia to Work With Digital Currencies of Other Nations

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The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of

Russia to Work With Digital Currencies of Other Nations Read More »

global-reserves-held-in-us-dollars-fell-to-less-than-50%-—-official-states-it-has-become-a-‘toxic’-currency

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

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The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in the dollar as

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency Read More »

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Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States

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Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank

Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States Read More »