BRICS still intent on a common currency, but the process is complex: Russia
Russia’s Deputy Foreign Minister Sergei Ryabkov noted that the common currency process hadn’t been shelved but acknowledged that it has many moving parts.
Russia’s Deputy Foreign Minister Sergei Ryabkov noted that the common currency process hadn’t been shelved but acknowledged that it has many moving parts.
The U.S. dollar could face an enormous challenge as the BRICS alliance eyes the use of stablecoins for settlements in the wake of increasing sanctions against Russia and growing rivalry with China.
Governor Elvira Nabiullina says that the digital ruble needs to be the most convenient payment method for individuals and businesses before it gains mass usage.
Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal ties.
The provisions of the newly minted law reveal that only tokenized assets issued by the Bank of Russia are authorized to be deployed in foreign trade payments.
The Samourai Wallet founders were charged over conspiracy to commit money laundering and operate an unlicensed money-transmitting business.
Microsoft made a $1.5 billion 'strategic' investment in G42, the UAE-based AI tech holding company, followed by behind-the-scenes negotiations with Commerce's BIS last year.
Digital asset exchanges in India strive to improve users' trading experience while complying with regulations, as the nation's economic projections for emerging technologies lure investors.
The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion.
Russia is reportedly banking on the planned blockchain-based payment system to reduce the U.S. dollar's global influence, seeking help from other BRICS members.
Russia’s cryptocurrency sector has given up waiting for legal certainty and taken regulation into its own hands, following the decision of an industry body to establish an arbitration body.
Russia’s initial coin offering (ICO) pilot has ended and its administrator, the Bank of Russia, has announced that it was a complete success.