Putin views cryptocurrency as a possible settlement method for the BRICS investment platform

2024-12-05 20:06:41

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ChainCatcher news, according to Bitcoin.com, Russian President Putin views cryptocurrency as a potential settlement method for the BRICS investment platform. Putin stated that the construction work for the platform has already begun, and crypto assets may have a place in the settlement tools of the investment platform. The BRICS group is relentlessly pursuing a de-dollarized financial system. At the "Call of Russia" forum hosted by VTB Bank, one of Russia's largest financial institutions, Putin mentioned crypto assets and acknowledged that experts predict global growth will benefit from these assets and their use in related financial infrastructure.

It is reported that BRICS consists of major emerging economies, initially including Brazil, Russia, India, China, and South Africa, but will expand in 2024 to include Egypt, Iran, Saudi Arabia, Argentina, Ethiopia, and the United Arab Emirates. Among these three BRICS countries—Argentina, Ethiopia, and the United Arab Emirates—are already utilizing state resources to mine Bitcoin.

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