The post China Crypto News : Is Digital Yuan The Secret Weapon Against the Dollar? appeared first on Coinpedia Fintech News The East is definitely displeased with the dominance of the US dollar in the global financial ecosystem. In the recent BRICS s

At the sixteenth annual BRICS Summit in Kazan, Russia, several leading members discussed cryptocurrency’s role in de-dollarization. The Presidents of Russia, China, and Iran all stressed the need for new digital platforms. The core of this de-dollari

Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocati

The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the

Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, called for weakening Western influence, stating Russia’s goal is the collapse of U.S. power or re-establishing a Soviet-era global counterbalance. He emphasized that Russia must distance

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this mi

Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet full

Adopting crypto has been one of the key discussions among BRICS member states in a business forum held in Moscow on Friday. The BRICS (Brаzil, Russiа, Indiа, Chinа, аnd South Africа) bloc seeks to reduce its reliance on Western financial systems by i

Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks

BRICS is emerging as a potential alternative to the World Bank and International Monetary Fund (IMF), challenging the dominance of Western-led financial institutions, according to Cuba’s Permanent Representative to the United Nations. With major econ

Russian President Putin announced that the BRICS bloc has officially adopted cryptocurrencies for investments, a move seen as a potential game-changer, coinciding with the upcoming BRICS Summit 2024 and the introduction of the blockchain-based BRICS

Putin confirms BRICS will discuss using digital currencies to foster investment and reduce US dollar reliance. The post Putin confirms BRICS will explore digital currencies for investment development appeared first on Crypto Briefing.

The development of BRICS Pay is part of broader de-dollarization efforts, with Russia and China leading initiatives to create financial independence from the U.S. dollar. As BRICS expands to include nations like Saudi Arabia, Egypt, and the UAE, BRIC

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahe

The Republic of Cuba has reportedly asked Russia if it can join the BRICS alliance, the coalition that’s competing against the US dollar hegemony. In a post on the social media platform X, Cuban ambassador and foreign minisiter Carlos M. Pereira says

China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to

BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states, signali

The BRICS alliance is reportedly considering a new “petroyuan” in its latest move to compete with the world dollar hegemony. BRICS, which was originally launched as a coalition of Brazil, Russia, India, China and South Africa, has since welcomed seve

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on trad

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can