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Honduras Applies to Join BRICS Bank


The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina....

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts


Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets


Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...

De-dollarization: Is it really happening?


In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications

As Traditional Banks Step Back, New Players Fill Gap in Crypto Banking


With traditional banks becoming more cautious about servicing the cryptocurrency industry, smaller regional banks and alternative payment service providers are stepping up to fill the gap.  In the US, Customers Bancorp, a Pennsylvania-based lender, has become a popular choice, having launched...

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