The BRICS nations are planning to launch a digital assets platform for internal cross-border settlements, a move that seems to have angered the US President-elect Donald Trump. Over the weekend, Trump warned BRICS countries, including India, to prepare for a 100 percent increase in tariff rates if they continue efforts…
Brazil, Russia, India, China and South Africa – the five nations that constitute the BRICS group – are trying to reduce their dependency on the US dollar. To bring this wave of de-dollarisation into effect, the BRICS group is planning to develop a digital payment network, backed by digital currencies….
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