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The European Union is reportedly considering sanctions targeting A7A5, a ruble-backed stablecoin tied to sanctioned Russian actors. According to documents reviewed by Bloomberg, the proposed measures would bar EU-based entities and individuals from engaging directly or indirectly in transactions involving the token and would also target several banks in Russia, Belarus and Central Asia alleged … Read more
Belarus President Aleksandr Lukashenko has renewed his push for comprehensive cryptocurrency regulation, calling for clear, transparent rules and oversight mechanisms to keep pace with the fast-evolving digital asset sector. Lukashenko’s Frustrations Belarus President Aleksandr Lukashenko has reportedly issued a renewed directive to fast-track comprehensive cryptocurrency regulations, emphasizing the need for transparent oversight and legal clarity … Read more
Maxim Ryzhenkov, the Foreign Minister of Belarus, stated that the upcoming BRICS settlement platforms should implement these digital currencies “as they become legally and technically ready for integration.” He emphasized that this platform would help build “a sovereign economic architecture.” Belarus Proposes Integrating Digital Currencies for BRICS Settlements Digital currencies are set to become a … Read more
De-dollarization accelerates as Russia and Belarus abandon the U.S. dollar in 98.8% of trade, unleashing profound economic realignments that challenge Western financial supremacy and fuel global volatility. Russia and Belarus Complete Stunning 98.8% Shift to National Currencies in Trade The global trend toward de-dollarization has been gaining momentum as countries seek to reduce reliance on … Read more
Belarus is reportedly exploring cryptocurrency mining using surplus nuclear energy, following economic strategies pioneered by nations like Bhutan, according to a report by the Belarusian Telegraph Agency (BelTA). Surplus Electricity Could Fuel Belarusian Crypto Boom President Alexander Lukashenko has directed officials to explore cryptocurrency mining as a means to utilize the country’s surplus electricity, generated … Read more
Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce reliance on foreign economic systems, particularly imports, and to build resilient financial … Read more
Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed the declining relevance of these currencies to the controversy surrounding … Read more
South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023. Go to Source Powered by WPeMatico
Belarus’ Ministry of Foreign Affairs cited a high crypto crime rate for banning all citizens from exchanging Bitcoin between each other. Go to Source Powered by WPeMatico
Chairman of the Belarusian national bank Pavel Kallaur said a decision on a CBDC would be made “at the level of head of state” after consultations. Go to Source Powered by WPeMatico
