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South African Central Bank Chief Criticizes Crypto Lobbying Efforts, Warns of Regulatory Capture

Lesetja Kganyago, governor of the South African Reserve Bank, criticized crypto lobbyists at the World Economic Forum in Davos for pushing countries to add Bitcoin to their reserves. South Africa…

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Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands,…

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BRICS Nations Set for 4.4% Growth in 2024-2025, Outpacing G7 Economies

Russian Finance Minister Anton Siluanov has emphasized the rising influence of BRICS nations during a recent event, noting their projected economic growth of 4.4% in 2024-2025, compared to 1.7% for…

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BRICS More Attractive Than EU, Says Serbia’s Vulin

Serbia’s Deputy Prime Minister Aleksandar Vulin has championed BRICS as a compelling alternative to the European Union, emphasizing the economic bloc’s appeal for Serbia. He highlighted how BRICS does not…

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North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related…

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BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using…

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BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official

BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct…

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