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Russia’s crypto payments are being explored for grain exports right now as the Russian Agricultural Bank works with the central bank to assess cryptocurrency settlements. This crypto sanctions evasion strategy aims to bypass Western financial restrictions through cryptocurrency grain trade systems. It also addresses blockchain payment risks while enabling crypto trade with Russia partners to continue agricultural commerce at the time of writing. Also Read: Kazakhstan Unveils First ‘CryptoCity’, Full Crypto Payments Enabled How Crypto Powers Russia’s Grain Trade And Dodges Sanctions Risks Source: Watcher.Guru Agricultural Bank Announces Crypto Assessment The Russian Agricultural Bank announced on June 2, 2025, its collaboration with the Bank of Russia to evaluate digital assets for grain settlements. Russia’s crypto payments initiative represents a significant expansion into agricultural commodities following successful oil transaction precedents. Cryptocurrencies may ...

The BRICS alliance is on a quest to upend the US dollar and replace its dominance with local currencies. The shift towards settling trade in local currencies has been on the rise since the White House pressed sanctions on Russia in 2022. Developing countries are sidelining the US dollar for cross-border transactions and increasingly using local currencies for payment settlements. Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The greenback stands at the crossroads of a global change that could deplete its power and control over the world’s financial markets. Such a development could wreak havoc on the American economy leading to a major shift and market collapse. Also Read: BRICS: Nobody Will Trust the US Dollar Again BRICS: Deutsche Bank Predicts US Dollar is On the Losing Side Source: Freepik.com Deutsche Bank wrote in its recent note to stakeholders ...

A total of 47 countries have applied to join the BRICS alliance before the 2024 summit. Out of the 47 countries, only 26 nations have formally sent their application to be a part of the grouping. The other 21 countries have informally applied to join the bloc. The 16th summit is scheduled to be held from October 22 to 24 in the Kazan region of Russia. Also Read: BRICS Makes Huge Announcement On Expansion: New Country Will Join Soon For the first time, the extended nine-member bloc will meet at the summit and discuss global issues and trade. The development indicates that emerging economies find the BRICS alliance lucrative as they’ve kick-started the de-dollarization agenda. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. On the heels of the upcoming summit, BRICS member Russia has endorsed a new country to join the alliance. Russian Deputy Foreign Minister Sergey Ryabkov told reporters that the Putin administration is “ve...

Forex trading skills can be used to improve crypto trading performance. Cryptocurrency adoption continues to grow, especially more as of late, as the recent banking crisis has highlighted the challenges of the traditional financial system. Despite all the doom and gloom that came in the first quarter from the Fed’s inflation-fighting rate hike campaign, banking turmoil and growing concerns that the economy is headed for a recession, Bitcoin (BTC) has risen significantly, up to 80% year to date. Many traders seem to believe that the dollar will gradually lose some of its preferred reserve currency status, with crypto being one of the beneficiaries. Newcomers may join the crypto market for various activities, such as staking, yield farming, play-to-earn gaming and more, but trading still plays a central role. Despite the fact that digital assets are a relatively new asset class for private investors to trade and invest in, the crypto market is very similar to traditional trading in some...