Tag: Digital
China Completes First International Oil Deal in Digital Yuan
Amid the ongoing de-dollarization approach by the BRICS bloc, China has seemingly completed its first international oil transaction in the digital yuan. Indeed, Chinese...
UAE Announces Robust Digital Finance Plan
Amid the growing demand for digital economic functions both within BRICS and without, the United Arab Emirates (UAE) has announced a robust digital finance...
How Digital Currency Could Be Key to De-Dollarization
The BRICS economic alliance has firmly embraced its efforts to bring down the US dollar. Through potential gold-backed alternative currencies, and promoting the use...
Russia Signs Law Introducing Digital Ruble
With the BRICS Summit just a few weeks away, the question of currency used by its member states has dominated discussions. Moreover, as those...
Russia Preparing to Launch Digital Ruble in 2025?
With the BRICS Summit likely involving talks of an alternative currency, Russia is reportedly preparing for a full-scale launch of its digital Ruble in...