Bitcoin.com News
Bitcoin.com News|Mar 14, 2025 08:32
🇧🇷 Brazil is set to put crypto on the agenda as it takes the helm of the BRICS bloc! Authorities are preparing proposals to consider cryptocurrency for international settlements among member countries, aiming to expedite transactions and reduce reliance on the dollar. 💱 Local media "O Globo" reports that this topic will be a priority under Brazil's presidency, succeeding Russia. While a common currency has been discussed, the focus is now on creating an efficient payment system using national currencies or stablecoins. President Donald Trump has opposed such moves, suggesting tariffs for BRICS countries moving away from the U.S. dollar. 💰 Brazil could leverage systems like Pix, but concerns about regulatory standards and sovereignty remain. Russian officials have confirmed that BRICS is prioritizing this initiative, with discussions already underway. What do you think about BRICS exploring crypto for international settlements? Let us know your thoughts! 💬
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