Expert Take
Russia’s relationship with blockchain and cryptocurrency wasn’t clear, but the country is making steps toward digital economic development.
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BRICS News
BRICS is the association of the most-developed emerging national economies, including Brazil, Russia, India, China and South Africa. BRICS countries have a combined population of 3.1 billion people — which is around 40 percent of the world’s population — and $40 trillion of combined nominal GDP — making up more than 20 percent of world’s gross domestic product. China is the largeest member of BRICS in terms of population, nominal GDP and exports value, making it the unofficial leader of the association. The first BRICS summit was held in Russia on June 16, 2009 and later gathered annually, alternating among all of the BRICS countries. The latest BRICS summit in 2017 was held in China and hosted by Xi Jinping, the upcoming BRICS Summit in 2018 is planned for July 25-27 and will be hosted by Cyril Ramaphosa in South Africa. BRICS summits are influential macroeconomic gatherings and, arguably, the most important event for the internation politics of developing countries.
- Expert Take
How can emerging technologies help one of the world’s most populous countries and one of the largest energy consumers toward sustainable and renewable energy development?
2433 - Expert Take
Russia is taking the lead in issuing a multinational stablecoin backed by commodities with the Eurasian Economic Union, or EAEU, and BRICS countries.
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The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019.
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The Indian government has approved an MOU on the joint research of blockchain technology application under the BRICS Interbank Cooperation Mechanism.
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Major banks from BRICS member states; Brazil, Russia, India, China, and South Africa, will study blockchain tech implementation.
21676 Two Russian power stations will be transformed into cryptocurrency mining operations, according to local media reports.
62202Cryptocurrency could appear as an officially sanctioned settlement method for BRICS countries, reports state.
16274Indian Ministry of Finance commissions may change the way the country looks on virtual currencies.
15878A crashing rupee, a horrible landscape for emerging markets and an arrogant Indian government in denial means that Indian markets are dead on arrival. But there’s a way out.
543The world is now ready for a better, 21st-century way of doing business. Using the USD for international trade is like using a newspaper to get the latest news.
2385Yury Chikhanchin, the Director of the Federal Financial Monitoring Service in Russia warned about the future collapse of the MMM Pyramid Scheme of Sergei Mavrodi in China.
1190Bitcoin price is on another epic bull run, almost exactly 24 months after the last epic bull run. In 2013, it gained upwards of 1000% in relative value to fiat currencies worldwide.
2073Westerners are funny people. Westerners have never experienced currency devaluation, EVER! “The Almighty Dollar” has ruled the world their entire lives.
6988To say these are unprecedented times is an understatement. Global Central Banks are using every single monetary policy tool at their disposal to try and fight the forces of deflation and this has resulted in currency wars. In fact, 15 central banks have eased monetary policy in one way or another this year. Since this is a global economy each move made has far reaching affects upon all nations and their abilities to control the imbalances being caused by central bank brute force.
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