Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Vahepeal, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote

10 Kagu-Aasia riigid seavad väljakutse dollari domineerimisele kohalike valuutade poole pöördumisega

Juhid 10 Kagu-Aasia riigid, Kagu-Aasia Rahvaste Assotsiatsiooni liikmed (ASEAN), nõustunud “soodustada kohalike valuutade kasutamist majandus- ja finantstehingutes.” Rühma kuulub Brunei, Kambodža, Indoneesia, Laos, Malaisia, Myanmar, Filipiinid, Singapur,…

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional

Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor

Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc “would accelerate the bilateral trading being conducted using the yuan as the trading currency. ” How Saudi Arabia Joining BRICS Could Boost

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China

BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using

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

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

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

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

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed

Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis InacioLulada Silva to China. The settlement, which was processed by the

Dollar mängib oma relvastamise tõttu väiksemat rolli, Digitaalsed valuutad, Majandusteadlane Jeffrey Sachs ütleb

Järgmise kümnendi jooksul, USA. dollar mängib palju vähem domineerivat rolli kui praegu, Jeffrey Sachsi sõnul. Tunnustatud majandusteadlane loetles mõned tegurid, mis tingisid dollari staatuse vähenemise, näiteks selle kasutamise…