BITCOIN

Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo said Friday that Jakarta is following the lead of the BRICS bloc to shift away from using the U.S. dollar in trade and financial transactions, Sindonews reported Friday. The BRICS nations (Brazil, Russia, India, China, and South Africa) have been ramping up de-dollarization efforts to use local currencies in international trade and reduce their dependence on the USD. They are also working on establishing a new currency . Speaking at a press conference following this month’s board of governors meeting, the central bank chief confirmed that Indonesia has implemented the local currency trade (LCT) system. He was quoted as sayi...

Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound by No Restrictions’ in Russia’s New Payment System Russian Finance Minister Anton Siluanov said Monday that a new payment system will be launched where the use of digital currencies in international payments will be completely unrestricted, Russian news outlet Tass reported. “We are launching an alternative system of payments based on modern technologies (digital financial assets, digital currencies),” the finance minister was quoted as saying. He elaborated: Digital currencies could be used in cross-border payments. This is just at the earliest phase of discussions, but the future lies with the use of the digital ruble, the...

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy Trades Away From the U.S. Dollar Russia is gradually moving to the use of national currencies, such as the Chinese yuan and the Russian ruble, to settle energy trades, moving away from the U.S. dollar. Alexander Novak, Russian deputy prime minister, stated that this trend of adopting national currencies accelerated due to the sanctions enacted by Western nations as a consequence of the Russia-Ukraine conflict. In a TV interview given to a Russian network, Novak stated : The trend has changed very much to less use of dollars or euros. Given the current problems in settlements with these currencies, in our settlements we are...

PRESS RELEASE. Austin, TX – MyEListing.com , a free commercial real estate listings and data platform, has partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day. The initiative is called the ASAP (Accelerated Sale And Purchase) program . MyEListing.com hosts the marketplace, Coinbase Commerce converts the buyers’ crypto into cash for the seller, and Millennial Title as well as Championship Title handle the title work. “This initiative will drive innovation in the crypto and real estate industries,” says Caleb Richter, CEO of MyEListing.com. “Real estate commerce needs to be changed. It’s hard enough as it is to buy property in your local neighborhood, let alone in another state or country. With the ASAP program, anyone, regardless of the language they speak or where they are in the ...