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• Brazil, which has the chair of the BRICS states, drives digital payment solutions to reduce the dependence on western financial systems such as Swift.
• Inspired by Brazil’s Pix, the proposed system should enable direct transactions and at the same time minimize dependence on the US dollar.

Brazil, which is now at the top of the BRICS countries, attracts great attention with a new agenda for the introduction of cryptocurrencies. As the new president of the block, the state is researching digital payment solutions in order to reduce the dependence on western financial systems, including Swift. Officials believe that this could rationalize transactions and strengthen financial autonomy.

The step is in line with a more comprehensive strategy for creating an independent clearing and custody system for the member countries. Brazil is at the head of the efforts to make digital handling a practical alternative – a development that could significantly influence the dynamics of world trade. Since Brazil is now the presidency, this proposal is at the top of the agenda.

BRICS in the Trump Era: A Changing World Order

The BRICS bloc, which comprises Brazil, Russia, India, China, and South Africa – along with new members like Iran, Saudi Arabia, the UAE and others, is gradually expanding its influence in the global arena.

The bloc, especially… pic.twitter.com/m0z6392iRL

— The GEOSTRATA (@TheGeostrata) March 13, 2025

Die Lokalzeitung O Globo reportedThe fact that this initiative aims to accelerate the financial transactions between the BRICS countries. It is even more important that it should reduce the dependence on dominant foreign currencies such as the US dollar, which historically played a central role in global trade.

BRICS trading without thinking again without the dollar

A common Brics currency has been speculated for years. Some experts, including the economist Jim Rickards, once beat one Currency laid by goldbefore to challenge the dollar. However, the heads of state and government of the BRICS countries have taken a different path and rely on an efficient digital payment system instead of a common physical currency.

A possible model that is currently being discussed is similar to the Brazilian Pix system that works via various digital networks, but is still bound to national fiat currencies (we reported ). However, the implementation could make it difficult to comply with sovereignty and the different legal framework. In contrast to conventional methods, this system would enable quick, direct transactions without excessive bureaucratic obstacles.

Russia has particularly emphasized this initiative. The Russian Foreign Minister Sergei Lavrov confirmed that President Luiz Inácio Lula da Silva is at the forefront of discussions about cross -border digital bills. The Brazilian leadership also checks the creation of a cross-border payment infrastructure and a BRICS-Rückversicherungsgesellschaft.

Russia’s blockchain ambitions and the role of Brics Pay

The advance for digital handling follows a trend that Russia has long supported. In 2024 struck Moscow A blockchain-based payment system beforeto reduce the dependency on the US dollar. This initiative did not prevail immediately, but it seems to have influenced Brazil’s recent efforts within the BRICS countries.

A central element of the puzzle is BRICS Paya decentralized financial news system that has been in operation since 2018. The platform enables direct transactions between the BRICS countries using local currencies and by circumventing traditional financial intermediaries. By eliminating a central control point, BRICS PAY strengthens transaction safety and lowers the costs.

Despite this dynamic, not all parties are completely on board. Donald Trump has that BRICS countries 100% Import-Zölle anthreatened if you try to get away from the dollar. This illustrates the potential economic and political friction that could cause such a transition on the global stage.

• Xion was the first layer 1 blockchain provider to publish a mica-conformed white paper that is based on the EU regulations for crypto-assets.
• This ensures legal certainty and supports the broader introduction of Web3 in the EU.

In the effort to beat the bridge between Web2 and Web3, hat Xiona walllose blockchain, announced, to meet the EU regulations according to the regulatory framework for crypto-assets in the European Union. With the publication of the Mica (Market in Crypto Assets) WhitePapers, Xion is the first layer 1 blockchain in the Mainset, which does this in the EU.

Burnt Banksy, founder of Xion, is of the opinion that the publication of the Mica White Papers is the right direction for Xion because it wants to beat a bridge between Web2 and Web3. In a statement, Burn said:

“The publication of a Mica White Papder is an important step in a broader institutional strategy […] By complying with the developing regulatory landscape in the EU, it is ensured that institutions and users are given access to Xion in compliance and that the basis for a broader acceptance of Web3 is strengthened. “

Institutions in the EU now have unrestricted access to use the Xion ecosystem and technology in accordance with Mica. With the fulfillment of the EU MICA directive, Xion has proven its commitment to facilitate access for both institutions and private individuals who have chosen digital assets.

Mica regulation framework

Title II of Mica (Market in Crypto Asset) is a comprehensive set of rules that comes into force in the EU in December 2024. These regulations aim to create a uniform regulatory framework for crypto-assets throughout the EU and to create clear guidelines for issuers and facilities that want to offer or act digital assets.

Xion has positioned itself as an important player by joining the Mica to ensure that its ecosystem works transparently and within the limits of European law.

More on the topic: OKX receives mica license and extends cryptographic services to 28 EEA countries

About Xion

Xion is a walllos L1 blockchain that should make Web3 accessible to everyone. Xion revolutionizes Web3 by creating the first wallet-1 blockchain. With the mission to simplify the introduction of blockchain, Xion makes the need for wallets, private keys and gas fees superfluous and makes the technology accessible to users and developers.

His innovative solutions, including Generalized Abstraction and Meta accounts, help to accelerate the general acceptance of Web3.

Website | Blog | Discord | Telegram | Girub | LinkedIn | X

• The former Binance boss Changpeng Zhao raises questions about the possible participation of the FTX bankruptcy exchange in the Luna/Ust-Crash.
• ZHAO thus responds to the fact that the court granted the application from 3AC to increase its claim against FTX from $ 120 million to $ 1.53 billion.

The Linance founder Changpeng Zhao joined the FTX train because he questions that the insolvent stock exchange had something to do with the Luna/VAT crash in May 2022.

The legal dispute between 3AC and FTX

While the reasons for his suspicion have not been mentioned, CZ’s comments come to an update of the ongoing legal procedure between Three Arrows Capital (3AC) and FTX. Like “Mbottjer”, who pretends to be a co -founder of FTX Creditor, was communicated3ac recently applied for a bankruptcy court to increase its claim against FTX from USD $ 120 to USD 1.53 billion.

The reason for this increase lies in the discovery that FTX has liquidated an amount of $ 1.53 billion exactly two weeks before 3ac liquidation.

The information that the liquidators have received in the year since the submission of their original POC has led to the new conclusion that just two weeks before the start of the liquidation of 3AC, the $ 1.53 billion in assets that had 3AC on the FTX platform were liquidated in order to meet the liabilities compared to FTX in the amount of $ 1.3 billion.

3ac

Using why this was not taken into account in the original registration, 3ac said that FTX was also bankrupt and had access to important data. The efforts to receive enough details from them were in vain until the end of the official period. The delay also prevented the bankruptcy managers from understanding the scope of the transactions between 3AC and FTX.

FTX obtained an objection to this claim on the grounds that the registration was made too late and violated the bankruptcy proceedings. Interestingly, this objection was rejected by the court. The court documents show that the delay in submitting the change claim was largely due to the fact that FTX had not submitted the necessary documents. For this reason, the court granted 3AC’s application to change its original evidence.

“After weighing up all the evidence submitted, I came to the conclusion that the consideration in favor of the approval of the changed POC failed.”

Previously, 3AC had also filed a lawsuit of USD 1.3 billion against Terraform Labs and accused them of being responsible for the collapse of the company, as described in our last report.

Who else could be involved in the VAT collapse?

In November 2022, a thread was published by a previously unknown person who identified himself as Darrow.eth, in which he tried to explain the crash of VAT. In his opinion, it would be interesting to find a connection to FTX. Until then, he believes that three large wallets of Luna immediately bought and sold with loss to deliberately pull the chart down. According to his understanding, it is strange that someone with a limited order buys at a spot price and then immediately sells the market with a bot.

In an accompanying picture, Darrow.eth explained that there were serious oppression on the purchase orders.

On May 12, 2022, the oppression pressed the course to zero, since they literally bought up all available shares, as the article states. While there are many questions whether FTX had his fingers in the game, Darrow.eth pointed out that the US Federal Reserve benefits most from the crash of the VAT. According to him, the plan was to attack the StableCoin market in order to maintain the global economic dominance of the USD.

Against this background, the hearing of the founder of Terraform Labs, Do Kwon, which was arrested in this context, was postponed from March 10 to April 6th after the authorities announced that they found four terabytes of additional evidence – CNF reported.

• Hoodi will concentrate on testing validator exits and thus fix the restrictions that exist in the Ethereum Holesky test network due to a backlog in the exit maintenance queue.
• The pectra upgrade, which is intended to improve the scalability and user-friendliness of Ethereum, is expected to be activated on Hoodi on April 25 in the Mainset after a 30-day test phase.

The Ethereum Foundation announced that the developers will start a new “Hoodi” test network in the coming week. The announcement came during the developer’s conference on Thursday. This special campaign had become necessary because the start of the PECTRA upgrade on the Holesky test network had recently had problems with the finality.

Coping with the challenges in the Holesky testnet

The Holesky Testnet serves as a test environment before the PECTRA upgrade is transferred to the Ethereum Mainnet. Due to a configuration error while activating the PECTRA upgrade, a loss of finality occurred two weeks ago. Although the network regained its finality on Monday, it remains partially restricted and not fully functional for all research activities.

During yesterday’s developer call discuss The Ethereum researchers and developers about the solution of the problem, which was created by the problematic Holesky and Sepolia hardforks, as described in our previous article. During the discussions that took place last week, the team also considered implementing a “Shadow Forks” of the Holesky test network in order to further examine the expected PECTRA upgrade.

After the telephone conference on Thursday, the developers decided to start a new test network called Hoodi instead of watching alternative suggestions. The Hoodi-Testnet will serve as a dedicated network for Ethereum researchers to test the existence of validators, a function that is not available at Holesky due to a backlog in the exit maintenance queue. In the meantime, Holesky and Sepolia will continue to tackle other research priorities. In the protocol of yesterday’s session it says:

This option was chosen to avoid that customer teams write custom code in order to empty the Holesky-WARTSCHLANG, which could lead to other mistakes and delay the work on pectra loans and fusaka implementations.

Ethereum Pectra Upgrade aims at April Mainnet activation

The highly awaited PECTRA-upgrade aims to improve the user-friendliness and scalability of Ethereum through several important innovations. This includes reducing the costs of data availability by expanding “Blob” transactions for layer 2 solutions, the increase in staking limits and the introduction of the account abstraction to expand the possibilities of smart contracts and wallets.

The upgrade could go into operation on April 25th in Ethereum-Mainnet, about 30 days after the planned introduction to the newly launched Hoodi-Testnet. The Ethereum Foundation has provided considerable resources for the Hoodi-Testnet and plans to operate it with a number of validators compared to the Ethereum in Munich to ensure comprehensive tests.

The ETH course has recently been under strong sales pressure and has fallen under the $ 2,000 mark, with a further decline in $ 1,500 threatening. The successful implementation of the PECTRA upgrade in the MIANNET would be crucial to stop the downward trend.

• The most important Bitcoin ETF investors did not sell their stocks during the weak market.
• The BTC course has entered a distribution phase after the all-time high, with a possible trend reversal.

Bitcoin’s institutional investors have proven their confidence in the flagship of cryptocurrencies despite a decline of 25 % since January. Most of these investors still stick to their stock market-traded BTC funds (ETFs) and thus show their trust in the future of the coin. Whether this trend will continue depends on the mood of the investors and the condition of the economic landscape.

Bitcoin ETF investors hold the position

According to a report by Bloomberg, 95 % of investors continue to stick to the Bitcoin ETFs despite the strong market correction. James Seyffart, a senior ETF analyst near Bloomberg, said that the inflows to the BTC ETF market decreased from a maximum of $ 40 billion to $ 35 billion. This corresponds to more than 95 % of the investor money that is still invested in BTC ETFs, although the BTC has fallen strongly by 25 %.

The Wall Street heavyweights Goldman Sachs and Bny Mellon are among the largest investors in Bitcoin ETFs. According to a recently carried out study, üabout the we have reportedGoldman Sachs has increased its investments in Bitcoin ETFs to $ 2.3 billion. The interest of the institute in crypto assets showed an accelerated growth and added $ 710 million to the key figures of the last financial quarter.

Goldman Sachs’ investments include the Ishares Bitcoin Trust of Blackrock, the Wise Origin Bitcoin Fund from Fidelity and some others. In contrast, the BNY Mellon keeps 39,526 shares of the Bitcoin Strategy ETF prince’s ETF worth almost $ 900,000.

US spot bitcoin ETFs have attracted tributaries of almost $ 115 billion since their approval in January 2024. This data underline the resistance of investors and large actors on the Bitcoin ETF spot market.

In the meantime, the Bitcoin Spot ETFs have had increasing drains since mid-February, with drains of almost 5 billion USD since the highest level. After Declarations von Farside Investors The Bitcoin Spot ETFs recorded drainage of $ 135.2 million on March 13. The FBTC from Fidelity led the drains at $ 75.5 million, followed by the ARK Invest Ark Invest with $ 60.2 million.

Blackrock Ishares Bitcoin Trust (IBIT) was the outlier with net inflows of $ 45.7 million. Blackrock continues to trust Bitcoin’s long -term strategy and has His BTC ETFrecently In a model portfolio heavy in $ 150 billion integrated.

Sales pressure on Bitcoin stops

Bitcoin and the wider cryptom market have come under strong sales pressure in view of the macroeconomic uncertainty and the customs war of Trump. Bitcoin rose on Wednesday after the publication of the US VPI data and the cooling of inflation over the decisive resistance of $ 84,000. However, the coin failed to stay above the decisive level.

At the time of the creation of this article, Bitcoin has been in the last 24 hours a 1.56% At $ 82,867 fallen. The daily trade volume fell by 20.7 % to less than $ 29 billion.

At the same time, the data from Coinglass show a sudden increase in the overall liquidations. According to the data, the 24-hour liquidations rose to $ 75 million, of which $ 52 million in long positions.

The data analysis platform Glassnode said the current market situation that Bitcoin has entered a distribution phase after the all -time high. How In our last short report mentionedthis phase reflects a changed investor’s mood and increasing sales pressure.

• World Liberty Financial bought Sei-token worth $ 100 million in order to increase its stock to 1 million.
• The latest report shows that WLF has a current cumulative value of $ 21 million with a cumulative loss of $ 124 million.

World Liberty Financial (WLF), the decentralized financial platform associated with the family of US President Donald Trump, begins another wave of accumulation by buying 541.242 for $ 100,000 at an average price of $ 0.185. The total stock has increased to 1.089 million, which was acquired at cumulative costs of USD 225,000. Currently, the wide market liquidation and the pullback have reduced the total value of its stocks significantly to $ 207,000.

The latest acquisition was sufficient to trigger an increase of 7.5 % on the 24-course chart. It is currently being traded at $ 0.19 and is therefore significantly below his annual high of $ 1.14 on March 16, 2024. The course diagram shows that the value is about to break out of a descending triangle pattern, which indicates a short -term recovery.

According to data from Lookonchain, the current portfolio of WLF contains nine crypto tokens with a cumulative value of $ 214.8 million. However, it has a cumulative loss of $ 124 million. In the meantime, Ethereum (ETH) with a current value of $ 126 million remains the largest position, followed by Wrapped Bitcoin (WBTC), which is valued at USD 65 million.

A week ago, a digital wallet, which is connected to the WLF platform, bought ETH worth $ 10.1 million, WBTC worth $ 9.9 million and Move worth $ 1.68 million, as described in our latest blog post. According to Eric Trump, President Trump’s son, WLF Defi or Cefi wants to revolutionize the future of financial system.

Recent controversy around WLF

Recently, a platform called Blockworks claimed that World Liberty explored the exchange of Wlfi token worth $ 10 million with other crypto projects after discovering some movements on the chain. According to this report, this alleged sale should go hand in hand with a fee of 10 %.

However, WLF quickly made it clear that it does not sell token. According to her report, only assets for business purposes were reversed. In addition, the Defi platform explained that their regular movements are standard practices and serve to maintain strong, safe and efficient financial management:

“We carry out routine movements of our crypto stands as part of the regular treasury management, the payment of fees and expenses and to cover the operating capital requirement. To clarify this, we do not sell tokens – we only re -assign assets for normal business purposes. ”

In the middle of these controversy, the platform has announced the introduction of a strategic macroreserve for several assets. This should give the most important assets thrust. In addition, the creation of the WLF team should increase stability and serve as a robust financial backbone for the Wlfi token. Incidentally, WLF and SUI work together to strengthen the strategic reserve.

• The LUNC community debates the shortening of the 21-day withdrawal period: This is what the increased acceptance speaks, but critics place more emphasis on stability.
• Binance has burned over 70 billion lunc tokens, which nourishes hope of re-connection to the UStC despite continuing market uncertainties.

The Terra Luna Classic (Lunc) community must decide. Stands at the scabbard. The demand to rethink the stake mechanism is becoming increasingly common. A proposal is circulating to shorten the 21-day waiting time that is necessary to withdraw token, with critics argue that this hinders. The advance that originally came from Crypto News Portal has triggered a heated discussion among investors and validers.

When you stake $ Lunc on the Terra Classic chain and then withdraw these #LUNCs from the stake transactions; a 21-day waiting period is applied.

There are currently 1 trillion LUNCs staked. Reducing the 21-day waiting period will increase the amount of LUNCs staked. This period… pic.twitter.com/uaZxIpHerO

— Crypto News Portal (@TerraNewsEN) March 13, 2025

Over 1 trillion Lunc are currently covered, a significant part of the total amount of 5.44 trillion tokens. The supporters of the reform believe that a shortening of the waiting time to a reasonable extent would make staking more attractive, although no specific time frame was proposed. Some fear that the rigid Lockup policy will prevent new participants from bringing their tokens into the network.

Not everyone is on board. An X user, Vivid BNB, countered the argument and explained that patience is a fundamental part of the Lunc ecosystem:

“Just because the timing takes a long time does not mean that the jack will not achieve its goals.”

Burning Billions: Terra Classics offer battle

In addition to the reforms of staking, the Terra Luna Classic community has focused on reducing the token offer. An estimated 405 billion Lunc has been burned since May 2022 to increase the scarcity and ultimately the price. At the algorithmic stable coin UStC, over 3 billion tokens were also pulled out of circulation.

The burns continue on the Terra Classic chain. The total amount of $ Lunc burned has exceeded 405 billion. The total amount of $ USTC burned has exceeded 3.4 billion.

The supply of #Lunc and #Ustc continues to decrease with the burns, but this does not affect the price. The low… pic.twitter.com/LxJiDbzKR5

— Crypto News Portal (@TerraNewsEN) March 10, 2025

The move of Binance, which has played a crucial role in Lunc’s token-Burn strategy, is led. In its 30th Burn-Batch, the crypto tour has removed 736 million Lunc tokens and thus increased its overall contribution to over 70 billion burned tokens. The stock exchange continues to remove trading fees in connection with LUNC transactions and thus underlines its commitment to revival the project.

Since Binance has burned a total of over 400 billion LUNC, many in the community see this as a step towards a possible re-peggings from UStC-a long-term goal that remains a glimmer of hope for investors. It remains uncertain whether these efforts will lead to a significant price rally, but the determination of the community is undeniable.

Technical overhaul is making progress

The pursuit of improvements goes beyond the insertion and burning of tokens. At the end of October 2024 approved The Lunc community Proposal 12142an initiative that aims to clean the blockchain infrastructure. The proposal focuses on the removal of outdated, mainline modules, the reduction of technical debt and a closer coordination with the Cosmos ecosystem.

The upgrade is carried out in two phases. In the first phase, the consensus engine is updated and the latest security functions from the Cosmos-SDK are integrated. The second phase focuses on the update of the WASMD contract system in order to ensure compatibility with existing smart contracts and at the same time minimize disorders.

These structural improvements are seen as a crucial step to make Terra Luna Classic more sustainable in the long run. Since the cryptom market remains volatile, Lunc’s ability to develop and adapt could decide on the future development of the company.

While the debate about the reform of staking is intensified, the big question is whether the validers are ready to compromise. While some in the community urge greater flexibility, others argue that the current structure maintains the stability of the network and prevents short -term speculation.

• The Blackrock Buidl fund exceeds a billion dollars of assets and thus underlines the growing institutional interest in tokenization.
• Buidl goes beyond Ethereum and can be integrated with several blockchains to improve accessibility and flexibility in systems in digital assets.

Blackrock has the Blackrock USD Institutional Digital Liquidity Fund (Buidl) on an administrated assets in collaboration with Securitize Of over one billion dollars Stocked up and proven that the trend towards the tokenization of assets is not an experiment, but an important movement in the investment sector.

JUST IN: BlackRock and Securitize’s $ Bidd fund surpasses $1 billion in assets under management. pic.twitter.com/bEGjLgwUra

— Whale Insider (@WhaleInsider) March 13, 2025

Buidl growth means a shift in institutional acceptance

BUIDL’s managed assets have been skyrocketed in recent months, which is largely due to the growth of $ 200 million due to the crypto protocol Ethena. This step shows how blockchain technology gradually merges with the traditional banking sector. Although the tokenization of assets was once only a futuristic concept, large companies are now starting to welcome it.

Buidl itself is a tokenized fund that offers an engagement in securities such as US state bonds, cash and pension business. The fund was initially only accessible via the Ethereum network. Blackrock has extended the range of Buidl via the Wormhole Bridge to other blockchains, including aptos, arbitrum, avalanche and optimism, to ensure flexibility and accessibility.

With tokenization, investors can now receive access to these assets via a much more efficient process than if investments in treasure changes or bonds have had to be made in the past via slow and costly traditional methods.

Blackrock and strategic expansion in the ETF sector

Blackrock is now not only busy with Buidl. Last February, CNF reported that the company converted its High Yield Municipal Fund into an active ETF, the Ishares High Yield Muni Active ETF (HIMU) with a fortune of $ 1.5 billion.

The integration of municipal bonds in this ETF shows the efforts of Blackrock to expand the scope of the investment products based on government documents.

On the other hand, Blackrock continues to develop its approach in the crypto area, including Ethereum and Bitcoin ETPS. However, not all the steps from Blackrock went smoothly.

The Ishares Bitcoin Trust (IBIT) recorded an outflow of around $ 418 million on March 5, 2025. One could understand this phenomenon as a change in investment or as a profit after the big run on Bitcoin at the beginning of the year.

Larry Fink’s prediction and the future of crypto ETFs

In his response to this change, Blackrock-CEO Larry Fink did not silence. In an explanation, he said that Bitcoin’s price would increase to $ 700,000 if more institutional investors would invest two to five percent of their portfolios in cryptocurrency. Although the forecast appears ambitious, it gives the reason to hope that the institutional assumption of cryptocurrencies will increase.

It also fits the estimate of State Street that the combined assets of North American precious metal ETFs will be exceeded by the end of the year. If this is the case, crypto ETFs behind bonds and shares will take third place among all investment classes on the global ETF market of $ 15 trillion.

Ultimately, Blackrock plans to include Bitcoin on the Ishares Bitcoin Trust, which today has a value of over 58 billion dollars to add to its model portfolio.

• According to Russia, cryptocurrency is reported to use the oil trade with China and India. This is reported by four anonymous sources that do not want to be named.
• Russia reacts to the sanctions that restrict access to the global banking system and at the same time wants to reduce dependence on the dollar.

Since the western sanctions continue to put pressure on the Russian economy, the country increasingly turns to cryptocurrencies to facilitate oil trade with important partners such as China and India. In order to avoid conventional financial channels, Russia has started, digital assets such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) for oil transactionsuse .

Chinese Yuan and Indian rupees are converted into cryptocurrencies, which are then transferred to Russia and exchanged for ruble. This method enables Russian oil exporters to bypass the financial systems controlled by the West and reduce dependence on the US dollar.

Although the use of cryptocurrencies in the oil trade is only a small part of the 192 billion dollar Russian oil industry, it quickly becomes more important as an alternative to traditional payment systems. Russia’s conversion to cryptocurrency transactions takes place at a time when the growth of Indian oil consumption is expected to exceed China by 2025. Forecasts assume that India will make 25 % of the total global oil consumption growth, which makes it an important energy market.

In January 2025, the US Ministry of Finance tightened the pressure on the Russian energy sector by imposing sanctions against two large Russian oil producers and putting 183 ships on the black list, especially oil tankers that transported Russian crude oil. In February, the Indian refineries started to increase their imports from Latin America and Africa because they expected further interruptions in Russian oil deliveries.

In the meantime reacted The state Chinese oil companies careful because they the increasing control of Russian crude oil transactions feared.In March, large Chinese companies such as Sinopec and Zhenhua Oil had their imports of Russian oil drove back and justified this with concerns about compliance with the latest US sanctions.

Legal support for the use of cryptocurrencies

The development of a BRICS bridge “payment system is currently being discussed within the BRICS countries. This system, in which Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates are involved, aims to create an alternative financial infrastructure that promotes economic cooperation between the member states.

Brazil, which has been the Briks Chairmanship since January 1, will be the host of the annual summit in Rio de Janeiro in July this year. An important point on the agenda will be the discussion about the blockchain-based payment system, which is intended to simplify cross-border transactions.

As part of this change reported CNF, That Russia has introduced a pilot program in which gold -covered digital assets are used for international transactions. These digital tokens that can be purchased with ruble are to be repaid in May 2025.

However, the departure from the US dollar has not been unnoticed. US President Donald Trump has directed and threatened a significant warning to the BRICS group, 100% tariffs On goods of the Member of the member introduce, If they give up the dollar in favor of alternative payment systems.