World’s Largest Regional Organization to Switch to Settlements in National Currencies

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries

India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries givenso many collapses and shocks in cryptocurrencies.She stressed: “We seek to

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March,…

El gobierno indio responde preguntas sobre la legalización de las criptomonedas, Prevención del fraude

El gobierno indio respondió a las preguntas parlamentarias sobre la legalización de las criptomonedas y las medidas que ha tomado para prevenir el fraude relacionado con las criptomonedas.. “Actualmente, los criptoactivos no están regulados en la India.. Los fraudes relacionados con las criptomonedas se tratan según las leyes vigentes contra…

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments

Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

El domingo, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Reporte

The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaderssummit, according to a top Russian official. “The transition to settlements in national currencies is the first

Turbulencia extrema del mercado: Los críticos califican la postura de Warren sobre Silvergate como “terriblemente mal informada”,’ SVB colapsa, La liquidación de tokens de Vitalik mueve los mercados, y más: resumen de la semana

Ha sido una semana turbulenta en las finanzas con el llamado Silvergate Bank, amigable con las criptomonedas, que anunció su liquidación., A NOSOTROS. La senadora Elizabeth Warren culpa del evento a “riesgo criptográfico,” and individuals on social media pointing out that Warren isterribly misinformed.” Además, A NOSOTROS. Reguladores…

El Ministro de Finanzas de la India impulsa la cooperación internacional en materia de regulación de las criptomonedas: analiza la campaña de concientización

Indian Finance Minister Nirmala Sitharaman has stressed the importance of international cooperation in order to regulate the crypto sector. She also confirmed that Indian regulatorscrypto awareness campaign will continue to alert people about the risks of investing in crypto. Indian