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CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local Tenders

CIS Nations Ditch Foreign Currencies—85% of Trade Now in Local TendersOver 85% of Commonwealth of Independent States (CIS) trade now bypasses foreign currencies, signaling a strategic shift towards economic independence as national payment systems take center stage in regional commerce. Putin Champions National Currencies—CIS Bloc Hits 85% in Local Trade At the Commonwealth of Independent States (CIS) summit in the Leningrad Region this week, Russian […]

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Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?Russia is embracing bitcoin for international trade to bypass Western sanctions, signaling a strategic shift toward digital currencies to counter economic isolation and strengthen global partnerships. Russian Trade Goes Crypto – How Bitcoin Is Reshaping Global Power Dynamics Russia’s finance minister, Anton Siluanov, disclosed that Russian companies are utilizing bitcoin and other digital currencies for […]

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Russian Companies Now Using Bitcoin (BTC) for Foreign Trade, According to Finance Minister: Report

Russian Companies Now Using Bitcoin (BTC) for Foreign Trade, According to Finance Minister: Report

The Finance Minister of Russia has reportedly confirmed that many companies in the country are now using Bitcoin (BTC) to engage in foreign trade and skirt Western sanctions. Reuters reports that the Russian government has recently taken legislative measures to legalize the mining of the crypto king and other crypto assets, helping firms find ways […]

The post Russian Companies Now Using Bitcoin (BTC) for Foreign Trade, According to Finance Minister: Report appeared first on The Daily Hodl.

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Russia is free to use Bitcoin in foreign trade, says finance minister

Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.

Russia has been actively experimenting with digital financial assets (DFAs) in foreign trade in line with the country’s legislation, according to a senior government official.

Russian Finance Minister Anton Siluanov discussed US dollar alternatives for international trade in an interview on the state-owned news channel Russia-24 on Dec. 25.

Siluanov said the Russian government has passed legislation authorizing foreign trades in DFAs and Bitcoin (BTC).

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join SoonBRICS will expand in 2025 with nine new partner states, signaling surging global alignment with the bloc as more nations race to secure ties. BRICS Expands With New Partner States in 2025 Several countries are set to gain BRICS partner status starting Jan. 1, 2025, following confirmations received by Russia, Kremlin aide Yury Ushakov informed […]

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Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report

Russian authorities reportedly plan to prohibit cryptocurrency mining in 10 regions and impose seasonal restrictions in three others beginning January 1, 2025, amid growing concerns over energy shortages. According to a new report from the state-controlled TASS, the complete ban will affect regions including Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and the recently annexed […]

The post Russian Government To Ban Bitcoin Mining in 10 Different Regions Due to Energy Shortages: Report appeared first on The Daily Hodl.

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Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report

Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report

Three BRICS countries are uniting in sending a message to President-elect Donald Trump about the economic bloc’s alleged de-dollarization efforts. Last year, reports surfaced that BRICS is creating a common currency backed by gold and potentially additional precious metals and assets in an effort to circumvent USD. But now, there’s an apparent reversal. Russian diplomat […]

The post Russia, India and South Africa Say BRICS Not Seeking to Weaken US Dollar: Report appeared first on The Daily Hodl.

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Russian Official Declares BRICS Payment System a Real Alternative to US Dollar

Russian Official Declares BRICS Payment System a Real Alternative to US DollarA top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms. A New Era? Russia Claims Feasibility of BRICS Payment Network Russian Deputy Foreign Minister Sergey Ryabkov has affirmed that plans to establish a BRICS payment system are tangible […]

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Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks

Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese BanksU.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks […]

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Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade

Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International TradeAlexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […]

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