Search
Russian Central Bank OKs ‘Experimental’ Use of Crypto in International Trade – More Crypto Adoption Incoming?
18.4.2023
The Russian Central Bank has said it is prepared to allow trading firms to do international business in a controlled “experimental” environment.
Per RIA Novosti, the Central Bank Governor and long-serving Vladimir Putin ally Elvira Nabiullina has come to terms with the fact that “cryptocurrency...
Polytrade raises $3.8 million to expand international trade
4.4.2023
Polytrade, a Web3 protocol for worldwide commerce, has successfully raised $3.8 million. This was made possible through a seed fundraising round in which Alpha Wave, as well as Matrix Companions, CoinSwitch Ventures, and Polygon Ventures took an active role and made considerable contributions....
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
8.3.2023
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S....
Blockchain-based supply chain platform canned by IBM and Maersk
30.11.2022
Although the TradeLens platform will officially go offline in Q1 2023, Maersk said it's not given up its effort to digitize the supply chain industry
Displaying US Dollar Prices Still Prohibited, Ghanaian Central Bank Tells Actress Lydia Forson
5.11.2022
The Bank of Ghana recently warned businesses quoting U.S. dollar prices that the practice is still prohibited and that the cedi remains Ghana’s sole legal tender. The bank said it is working with law enforcement to “clamp down on illegal foreign exchange operations.” In addition...
Russia Allows International Trade in Cryptocurrency for Any Industry
5.10.2022
The Finance Ministry of Russia is looking to facilitate a more accommodating cryptocurrency policy, as it plans to permit the use of digital assets for international settlements in any industry without restrictions.
The Russian Ministry of Finance acknowledges the growing significance...
China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies
29.9.2022
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of...
Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade
12.9.2022
Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can reduce sanctions pressure on Russian exporters and importers. Rostec Eyes...
How blockchain technology can revolutionize international trade
1.8.2022
Blockchain technology has proven to be transparent and could make international trade transparent and even more secure
Russia Considers Using Cryptocurrencies for International Settlements
28.5.2022
Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry...
Ex-Chinese Central Bank Chief Says Digital Yuan Not Intended for International Trade
20.4.2022
The former governor of the central People’s Bank of China (PBoC) has reiterated claims that the forthcoming digital yuan has been designed primarily for retail use by domestic and even international users – not for cross-border trade purposes.
China has loosely pegged the value of its yuan fiat...
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
14.4.2022
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged...
Iran to allow crypto payments for international trade: Report
11.1.2022
Iran is reportedly looking to unlock opportunities for importers and exporters to use crypto in international deals
Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs
3.11.2021
Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed a first, the rhino conservancy — which...
Nigerian CBDC Website Goes Live, Central Bank Faces Trademark Infringement Allegations
29.9.2021
According to reports from Nigeria, the official website for the Central Bank of Nigeria (CBN)’s e-naira digital currency is now up and running. The reports come just a few days before the start of the central bank digital currency (CBDC) rollout. E-Naira Similar to Physical Currency...
New decentralized stablecoin in China targets international trade
23.9.2021
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan
US–Japan digital trade deal should include crypto: American think tank
29.7.2021
Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade
Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade
3.3.2021
Citigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at...
Bitcoin is at a ‘tipping point’ in international trade, Citi says
1.3.2021
Mainstream adoption is within Bitcoin's grasp, according to Citi analysts
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...