BRICS Bloc Adopts Cryptocurrencies for Investment Payments

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BRICS Bloc Adopts Cryptocurrencies for Investment Payments In a groundbreaking move towards financial sovereignty and modernization, the BRICS economic alliance has officially adopted cryptocurrencies for investment payments.

This policy shift reflects Russia’s strategic interest in leveraging blockchain technology to bolster its economic sovereignty and counterbalance Western financial dominance.

The adoption of cryptocurrencies by BRICS is a strategic move aimed at reducing reliance on the U.S.dollar in global trade and promoting the use of local currencies.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaBrazilChinaSouth Africa

Topics: Crypto News BRICS

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 03:59:52 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23123855

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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