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Russia Testing Digital Asset Payments Ahead of BRICS Currency - Watcher Guru

Retrieved on: 2024-02-28 16:01:21

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Russia Testing Digital Asset Payments Ahead of BRICS Currency - Watcher Guru. View article details on HISWAI: https://watcher.guru/news/russia-testing-digital-asset-payments-ahead-of-brics-currency

Summary

Russia is testing digital currency technology, indicating potential development of a blockchain-based BRICS currency to facilitate trade and reduce reliance on the US dollar for the BRICS nations. The concept ties into dedollarization and local digital currency utilization, specifically involving BRICS countries' relations and financial strategies.

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