Search results for BRICS
Crypto
Russia to legalise crypto payments for foreign trade from July 1, allowing bitcoin and stablecoins
Russia will officially allow cryptocurrency payments in foreign trade from July 1, permitting bitcoin and stablecoins in import and export transactions. The system, prepared by the central bank and the finance ministry, formalises a framework piloted since 2024 and applies to external settlements with countries that continued trading after Western sanctions. Crypto payments will be limited to eight approved platforms, with reporting requirements for transactions above 100,000 roubles.
Crypto
XRP instead of dollars or gold: four-stage scenario for a global reserve asset
A cryptocurrency entrepreneur has raised again the possibility that XRP could become a global reserve asset. Versan Aljarrah, founder of Black Swan Capitalist, laid out a four-stage scenario: sovereign adoption, regulatory clarity through U.S. digital asset rules, IMF recognition and XRP’s evolution into global payments infrastructure. He also cited potential use by emerging markets and BRICS countries. The scenario remains theoretical and would require simultaneous adoption and policy changes, with no precedent for digital assets in the IMF reserve basket.
Crypto
India central bank pushes linking BRICS digital currencies
India\'s central bank has proposed linking central bank digital currencies among BRICS members to support payments for trade and tourism, Cointelegraph reported, citing Reuters. People familiar with the matter said the proposal is likely to be put on the formal agenda at the BRICS summit to be held in India in 2026. Cointelegraph said approval would mark the first formal talks on CBDC cooperation among the five countries, though discussions are at an early stage.