BRICS Pay seeks to lessen reliance on the US dollar, reducing sanctions risks and fostering a sovereign financial system for transactions.
Read moreBIS distances from Project mBridge amid BRICS sanctions concerns
Economic sanctions have a profound effect on international financial architecture, it turns out.
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Over 30 Nations Seek Stronger BRICS Ties — Russia Leads Strategic Talks
Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance
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The Rise of BRICS Currency and BRICS Pay: A New Era for Global Finance?
At last week’s BRICS summit, Brazil, Russia, India, China, and South Africa made waves with plans to reshape global finance, moving closer… Continue reading on
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BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members
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Putin Declares ‘The Time Has Come’ for BRICS to Build Its Own Financial Platform
Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential.
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