Bitcoin News / Bitcoin.com - 2 weeks ago
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that the U.S. and other countries may face repercussions, i...
Bitcoin News / Bitcoin.com - 2 weeks ago
Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finan...
Bitcoin News / Google News Bitcoin - 2 weeks ago
Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 2 weeks ago
Russia’s push for BRICS to abandon the U.S. dollar has reached critical milestones, with formalized agreements and functioning alternatives to Western financial systems now in place. BRICS Pushes Dedollarization and Financial Autonomy Forward At the...
Bitcoin News / Bitcoin.com - 2 weeks ago
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deput...
Bitcoin News / Google News Bitcoin - 2 weeks ago
BRICS Isn't Anti-West but Won't Tolerate Western Currency Domination, Russian Official Says& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 2 weeks ago
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy F...
Bitcoin News / Bitcoin.com - 2 weeks ago
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT...
Bitcoin News / Bitcoin.com - 3 weeks ago
Western efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued globa...
Bitcoin News / Google News Bitcoin - 3 weeks ago
Bitcoin As A Tool: BRICS 2024 Summit Proposes Russian Miners Sell BTC To Evade Sanctions | Bitcoinist.com& & Bitcoinist
Bitcoin News / Bitcoinist - 3 weeks ago
As the 2024 BRICS Summit commences in Kazan, Russia, discussions surrounding cryptocurrency have taken center stage. Lawmakers from Brazil, Russia, India, China, and South Africa are exploring the potential for Russian miners to leverage Bitcoin in i...
Bitcoin News / Bitcoin.com - 3 weeks ago
Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The...
Bitcoin News / Bitcoinist - 3 weeks ago
A detained social media influencer could be heading to a Russian penitentiary and staying there for about 10 years to live out her sentence for committing crypto fraud. Valeria Fedyakina, dubbed the “Crypto Queen,” is at the center of multiple charge...
Bitcoin News / Bitcoin.com - 3 weeks ago
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 dis...
Bitcoin News / Bitcoin.com - 3 weeks ago
European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterpris...
Bitcoin News / Bitcoin.com - 3 weeks ago
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now condu...