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Russian authorities have announced plans to ban crypto mining across occupied territories of Ukraine as the war between the two nations ticked over into its thousandth day. Russia’s Deputy Prime Minister Alexander Novak led a meeting attended by top ministers at which they reportedly discussed the country’s “difficult regime-balance” and how it is impacting an electricity industry that sees a lack of supply and capacity during the autumn-winter months.  According to the Moscow Times, Russia’s government is covering all bases — including invaded ones — with a proposed crypto mining ban that extends to captured Ukraine territories , such as the Donetsk, Lugansk, Zaporizhia, and Kherson regions.  Read more: Paraguay shuts illegal bitcoin mines that stole enough power to light a city A further six territories in Russia’s North Caucasus region will also face a flat-out ban on crypto mining activities until 2031. The Irkutsk, some of Buryatia, an...

The new BRICS member Iran recently confirmed that it is working closely with Russia to launch a new currency. Iranian Ambassador to Russia, Kazem Jalali, said that the Islamic Republic is participating in initiatives that can help both countries to end reliance on the US dollar. The diplomat noted that creating a single currency within the framework of BRICS is currently being worked on. Also Read: BRICS: Russia Which Called US Dollar Toxic, Imports $30 Million in USD “The creation of a new single currency within the framework of the BRICS association is what Russia and Iran are working on,” the diplomat stated. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. He explained that Iran and Russia are successful in de-dollarization as majority of their trades are settled in local currencies. “ More than 60% of bilateral trade is in rubles and rials,” he said. The Ambassador added that both the nations are at a ...

BRICS member Russia could use cryptocurrency as an official tender for trade settlements in the country bypassing the US sanctions. Russia will soon begin trials on cryptocurrency exchanges and digital tokens for cross-border transactions. The move will help ease the flow of funds into the country making its economy stay afloat. The Putin administration is looking at various ways to trample the US sanctions and the new cryptocurrency payments are one of them. Also Read: BRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5% JUST IN: Russia to start using cryptocurrency for international transactions on September 1st. Russia plans on testing crypto payments as a way to break away from Western sanctions. pic.twitter.com/IsieM4gMXt — BRICS News (@BRICSinfo) August 27, 2024 The cryptocurrency payment trials will begin on September 1, 2024, reported Bloomberg. BRICS country Russia will use the National Payment Card System to swap its native currency, the ruble to cryptocurren...

The US dollar is the cornerstone of American supremacy but the White House is killing the currency with its own hands, says Russian President Vladimir Putin. Former Fox News host Tucker Carlson sat down with an interview with Putin and discussed BRICS, the US dollar, and geopolitics. The BRICS leader said that developing countries are using the US dollar for trade, but the power of the currency is being dimmed by the White House. Also Read: BRICS: Russia’s Putin Interviewed by Tucker Carlson (Full Video) Putin explained that the US pressing sanctions on Russia helped the Chinese Yuan and the Ruble thrive. He stressed that the sanctions brought BRICS and other developing together in realizing who the enemy is. The President hailed the BRICS alliance for staying united and spearheading the de-dollarization motives worldwide. JUST IN: 🇷🇺 Vladimir Putin says the US Government is killing the dollar with their own hands, many countries including major ...