Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’

Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not

China Pushes Digital Yuan for Wage Payments in Changshu

Changshu, a city in China with more than 1.5 million inhabitants, will pay public workerswages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, la…

Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the

Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law

The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot

Erdogan sugiere un sistema de pagos turco-ruso, Informes de los medios locales

Según los informes, el presidente turco, Recep Tayyip Erdogan, está presionando para que Turquía y Rusia establezcan un nuevo sistema de pagos entre ellos.. La iniciativa surge en medio de EE.UU.. Presión contra el uso de las tarjetas rusas Mir en Turquía.. Algunos bancos turcos han sido…

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries

No hay amnistía fiscal para los criptomineros rusos mientras los legisladores retiran su propuesta

A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the

‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features

Economist Nouriel Roubini, a crypto skeptic known asDr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dólar. “Our goal is to create a global store of valueThis is something akin to a substitute

La Cámara de Comercio de Rusia sugiere el uso de criptomonedas en acuerdos con África

El empleo de criptomonedas en pagos transfronterizos es una de las propuestas presentadas por la Cámara de Comercio de Rusia que aboga por una mayor cooperación con los países africanos.. En medio de sanciones sin precedentes que limitan a Rusia’s capacidad para comerciar internacionalmente, the head of the board has urged