Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 790
    NewsCryptoMarketSponsored Article

    The Neiro Train Already Left? MoonBull Whitelist Unlocks One of 2025’s Next 1000x Crypto Breakouts

    Did the recent crypto surge leave some investors scratching their heads, wondering…

    By
    Benedikt Krüger
    August 25, 2025
    image 787
    CryptoMarketNewsSponsored Article
    Fortune Favors the Bold: MoonBull Stands Tall as the Best Upcoming Crypto as Shiba Inu and Ponke Maintain the Bullish Wave
    August 25, 2025
    image 775
    NewsCryptoMarketSponsored Article
    Dogwifhat Already Pumped: MoonBull Could Be the Bull That Rides the Next 100x Crypto Wave
    August 25, 2025
    image 771
    CryptoMarketNewsSponsored Article
    1000x Crypto Alert: MoonBull’s Whitelist Sizzles As Notcoin Slides And SLERF Explodes
    August 25, 2025
    Metaplanet Bitcoin Holdings Near 19,000 BTC After Latest $11.7M Buy
    NewsBitcoinCryptoMarket
    Metaplanet Bitcoin Holdings Near 19,000 BTC After Latest $11.7M Buy
    August 25, 2025
  • Cryptocurrency
    image 790
    The Neiro Train Already Left? MoonBull Whitelist Unlocks One of 2025’s Next 1000x Crypto Breakouts
    7 Min Read
    image 787
    Fortune Favors the Bold: MoonBull Stands Tall as the Best Upcoming Crypto as Shiba Inu and Ponke Maintain the Bullish Wave
    10 Min Read
    image 775
    Dogwifhat Already Pumped: MoonBull Could Be the Bull That Rides the Next 100x Crypto Wave
    10 Min Read
    image 771
    1000x Crypto Alert: MoonBull’s Whitelist Sizzles As Notcoin Slides And SLERF Explodes
    7 Min Read
    Metaplanet Bitcoin Holdings Near 19,000 BTC After Latest $11.7M Buy
    Metaplanet Bitcoin Holdings Near 19,000 BTC After Latest $11.7M Buy
    5 Min Read
    SBI Expands Digital Finance Strategy with Chainlink’s Cross-Chain Tech
    SBI Expands Digital Finance Strategy with Chainlink’s Cross-Chain Tech
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Russia to Launch Digital Asset Platform for Emerging Markets
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Blockchain > Russia to Launch Digital Asset Platform for Emerging Markets
BlockchainCryptoNews

Russia to Launch Digital Asset Platform for Emerging Markets

Russia to Launch Digital Asset Platform for Emerging Markets
Russia to Launch Digital Asset Platform for Emerging Markets
Mazel Ventura
Last updated: November 12, 2024 12:31 pm
By
Mazel Ventura
Published November 12, 2024
4 Min Read
Share

Russia has devised a bold new plan to transform global financial markets. The country proposes that the BRICS group, one of the most powerful economic entities, establish a unitary digital asset system through which electronic payments and investments can be made in growing markets. This is part of a larger BRICS initiative to lessen the US dollar’s dominance and increase its influence in global trade and finance.

Contents
Statement of the Russian President About Launching BRICSaCan BRICS Challenge the Dollar’s Dominance?Conclusion

Statement of the Russian President About Launching BRICSa

“We would propose launching a new investment platform for BRICS countries using electronic assets,” Putin stated at the Valdai Discussion Club on Friday. “This would enable investment in developing markets, mainly in South Asia, Africa and Latin America.”.

Russia to Launch Digital Asset Platform for Emerging MarketsThey plan to launch a new cryptocurrency platform to attract more investment to developing countries. Russia proposed the idea of building a single system of digital assets for BRICS nations to ease electronic payments and attract further investments in developing countries. This BRICS group of nations today consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, and they are still growing stronger. In fact, they recently invited 13 more countries to join.

The BRICS nations are working to lessen reliance on Western financial systems. A digital currency would be one of the ways through which they are trying to figure out new ways for making payments and investing. In such situations, they could control their economies and consequently challenge the dominance of the US dollar. Russia and the US have a tense relationship and there are many restrictions on Russia’s use of the dollar.

Can BRICS Challenge the Dollar’s Dominance?

Of course, BRICS countries are becoming less dependent on the dollar and they are moving toward a new financial system, one less dependent on the West. One of their proposals is to use several currencies in exchange rather than just the dollar. This will ease trade between BRICS. They also require a new platform to buy and sell important goods like oil, gas, grains, and gold.

Russia to Launch Digital Asset Platform for Emerging Markets

There should be a new “BRICS Bill” suggested to cut its dependence on the dollar. However, it would be very hard to totally wriggle out because of the dollar’s penetrating usage in global trade and finance. At the same time, Donald Trump also stated during his campaign that he would push to keep the US dollar as the world’s reserve currency. Trump said countries that deny the dollar will face consequences. The BRICS is no exception to these struggles that may occur now that Trump won the presidential race.

Conclusion

Creating a BRICS digital asset platform would be one of the biggest steps toward curtailing dependence on financial systems dominated by the West. This, of course, is promising; still, it encounters many problems in dealing with technical problems, regulatory problems, and an established US dollar domination.
The success of this will depend on the joint efforts of the BRICS nations to overcome these obstacles and chart a new way in global finance. With the world changing, people are paying more attention to the BRICS countries trying to replace the US dollar.

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Litecoin Faces Potential 7.75% Correction Amid Bullish Exhaustion

Bybit and DMCC Team Up to Power the Future of Dubai Crypto Scene

Could Fixed Income Be the Missing Puzzle Piece for Institutional DeFi? Treehouse CEO Weighs In

Elon Holds the Line: Tesla Keeps $951M in Bitcoin as Profits Plunge

From Real Utility to Digital Gold: Why Qubetics, Cardano, and Litecoin Are the Best Crypto to Get Rich in 2025

TAGGED:Digital AssestsRussia

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Japanese Exchange Bitbank Launches New Arm to Back Global Blockchain Japanese Crypto Firms Eye Global Blockchain Expansion
Next Article Teslas profit from Bitcoin investment. The image features a large Bitcoin symbol alongside the Tesla logo with abstract ele Tesla Profits Over $1 Billion from Bitcoin: Investment Gains Accelerate!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English