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SWIFT

Is BRICS about to announce a gold-backed currency?
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26 August, 2024

Is BRICS about to announce a gold-backed currency?

What the BRICS system will look like in the future is still unclear, but with its annual summit ahead in...
Russia passes bill legalizing digital assets in bid to avoid international sanctions
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1 August, 2024

Russia passes bill legalizing digital assets in bid to avoid international sanctions

In a desperate move, Russia passed a bill allowing businesses to use digital assets for cross-border trade beginning in September,...
Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite
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8 July, 2024

Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite

Bank of Russia said it had softened its stance on digital asset payment due to sanctions but admitted that the...