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BRICS Slashes US Dollar and Euro Transactions to Below 30%
EconomicsBricsDedollarizationNational Currencies

BRICS Slashes US Dollar and Euro Transactions to Below 30%

BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian financ...
Oct, 12, 2024
by Bitcoin News
Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review
The WeeklyBitfinexWestern SanctionsMythical Games

Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review

Recent Western sanctions have disrupted over $55 billion in trade settlements between Russia and Turkey. Cameron Thacker of Mythical Games believes...
Sep, 15, 2024
by Bitcoin News
Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions
EconomicsBricsRussiaChinese Yuan

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...
Apr, 14, 2023
2 min read
by Bitcoin News
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
EconomicsUS DollarRussiaIndia

India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades...
Mar, 08, 2023
2 min read
by Bitcoin News