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BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements

BRICS Single Exchange to Leverage Blockchain and Virtual Currency for Settlements


Deputy Chairman of the State Duma Alexander Babakov proposed creating a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,” while sidestepping the use of third-party payment networks. Newly Proposed BRICS Unified Exchange May […]

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