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Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
28.8.2023
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using...
Binance Removes Sanctioned Russian Banks From P2P Platform
28.8.2023
Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...
Digital Ruble Scammers ‘Target Russians in Multiple Regions’
28.8.2023
Digital ruble scammers have reportedly struck in multiple Russian regions, with fraudsters apparently hoping to dupe citizens who do not yet fully understand how the CBDC works.
Media outlets around the country say that scammers are sending citizens emails that use commercial and Central Bank...
Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says
28.8.2023
A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as...
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...
Only 2 % of Russians Ready to Keep All Their Savings in Digital Ruble: Poll
27.8.2023
While over half of Russians are willing to put some money into their nation’s digital ruble, only 2% say they would keep all their savings in it. Insufficient information and fear of system failures are among the biggest factors turning people away from the government-issued digital currency....
All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat
27.8.2023
The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be premature to name those in the next batch...
Binance Renames Russian Bank Cards Amid US Sanctions Probe, Report
26.8.2023
Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform. Russian Traders on Binance...
Binance Discontinues Peer-to-Peer Service with Sanctioned Russian Banks – Here's the Latest
26.8.2023
Binance has ended its relationship with five Russian banks under sanctions on the exchange's peer-to-peer service for ruble fund transfers.
Binance received criticism from The Wall Street Journal (WSJ) on August 22 for offering sanctioned Russian banks like Tinkoff and Rosbank as transfer options....
Russian Foreign Minister Sergey Lavrov: BRICS Is Focused on Reducing Dependence on US-Controlled System
26.8.2023
Russian Foreign Minister Sergey Lavrov has declared that the actions of the BRICS bloc, integrated by Brazil, Russia, India, China, and South Africa, are focused on reducing dependency on the economic system managed by the U.S. and its Western allies. He denied a possible unified currency for...
Binance P2P removes sanctioned Russian banks from payments list
25.8.2023
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks
Only 17% of Russians would agree to store more than $200 in CBDC
25.8.2023
The most common hindrances cited include insufficient information about the technology (22%) and concerns about cybertheft and system failures (21%)
Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal
25.8.2023
The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are unlikely to happen during the ongoing BRICS summit...
Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
24.8.2023
Despite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country
BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says
24.8.2023
The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for example, but not a single currency like the euro...
Atomic Wallet faces lawsuit over $100M crypto hack losses: Report
23.8.2023
Plaintiffs in a new class action suit against the hacked crypto wallet Atomic Wallet say the firm didn't share any information about the hack with clients, and didn't report it to the police
Russian Banks MTS, PSB Say Customers Are Now Using Digital Ruble
23.8.2023
The Russian banks MTS and PSB have begun testing the digital ruble, with “entrepreneurs” using the CBDC to pay for “services.”
The nation’s Central Bank has fast-tracked its CBDC project in recent weeks, and is eyeing a 2025-2027 national rollout.
The banks, along with the likes of VTB Bank,...
Official Hints China Could Pit Expanded BRICS Against G7
22.8.2023
China may be in the process of building an expanded BRICS to pit the bloc as a geopolitical rival for the Group of Seven (G7) nations, as per statements from a Chinese official. In its upcoming summit that will take place in Johannesburg, the bloc will discuss the conditions of adding nations like...
Dutch ING Bank Analysts: BRICS Expansion to Power De-Dollarization Across World Economies
22.8.2023
Analysts of ING bank believe the de-dollarization trend that has been growing in the world might pick up momentum due to the possible expansion of the BRICS bloc. While the issuance of a BRICS common currency remains uncertain, according to some developing narratives, the Chinese yuan could become...
Russian Central Bank: Digital Rubles Will Be Classified as ‘Highly Valuable Liquid Assets’
22.8.2023
The Russian Central Bank says it plans to begin classifying the digital ruble, the nation’s CBDC, as a “high-quality liquid asset” (HQLA), and will likely eventually oblige banks in the country to follow suit.
Central banks typically classify assets such as fiat cash, central bank reserves,...