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.
Russia’s relationship with blockchain and cryptocurrency wasn’t clear, but the country is making steps toward digital economic development.
Russia Updates Its Laws for Cryptocurrencies
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 de...
India Is Fostering a Solarized Digital Future
Russia is taking the lead in issuing a multinational stablecoin backed by commodities with the Eurasian Economic Union, or EAEU, and BRICS countries.
Russia Leads Multinational Stablecoin Initiative
The creation of a new cryptocurrency for BRICS member nations was discussed at the 11th annual BRICS Summit 2019.
BRICS Nations Discuss Creation of New Crypto For Unified Payment System
The Indian government has approved an MOU on the joint research of blockchain technology application under the BRICS Interbank Cooperation Mechanism.
India Approves MOU on Joint Blockchain Research with BRICS Members
Major banks from BRICS member states; Brazil, Russia, India, China, and South Africa, will study blockchain tech implementation.
BRICS Summit: Major Banks From Member States Sign MoU on DLT Research
Two Russian power stations will be transformed into cryptocurrency mining operations, according to local media reports.
Russian Businessman Buys Power Stations For Crypto Mining