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Mir Cards to Start Operating in Iran from January 2025
From January 2025, Russian Mir cards will be available for use in Iran, opening up new opportunities for entrepreneurs and investors in both countries. This step will be an important element in the development of economic ties, facilitating financial transactions and simplifying payments for citizens and businesses. In this article, we examine how this may affect investment flows, the development of international trade and tourist flows.
Expanding Business Opportunities: Mir Cards to Operate in Iran Starting January 2025
Starting January 2025, Russian Mir banking cards will become available for use in Iran, opening new prospects for businesses ...
The United States has allowed transactions with Russian banks in the energy sector: what does this mean
... energy sector. This includes lifting restrictions on major financial institutions like Sberbank and VTB, allowing continued transactions in the oil and gas sector. Such a move could help avoid disruptions in global energy markets and support the stability ... ... article explores the potential consequences for the economy and energy sector, as well as the significance of this decision for international trade relations.
The U.S. Treasury Department has temporarily eased sanctions on energy-related operations ...
Cryptocurrency from Scratch: What It Is, How to Buy, Store, and Use
... practice, cryptocurrencies today serve several functions:
Medium of exchange and payment. Thousands of vendors worldwide already accept Bitcoin, Ethereum, and other coins as payment. Cryptocurrencies can be used to pay for goods and services, especially in international transactions, bypassing expensive bank transfers. Although price volatility hinders widespread adoption as everyday money, it remains a convenient tool in certain niches.
Means of savings and investment. Many view cryptocurrencies as a new asset class ...
Tokenization of Money and Assets: New Horizons and Challenges for the Financial System
... that functions without traditional intermediaries, like banks. By enabling direct transfers between parties, tokens can reduce transaction costs and accelerate settlement processes.
Key Applications of Tokenization
Digital Currencies and Central Bank Digital ... ... digital currencies (CBDCs), a digital counterpart to national currencies. Supported by central banks, CBDCs could streamline international currency exchanges and reduce reliance on traditional financial intermediaries.
Tokenized Assets and Securities
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What is the Digital Ruble in Simple Terms and How Will It Change Life in Russia?
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With the ability to track transactions, the government will be able to monitor cash flows more accurately, increasing the transparency of the economy.
Resilience to sanctions:
In the face of sanction pressures, Russia can utilize the digital ruble for transactions bypassing international financial systems, thereby maintaining independence.
Support for small and medium-sized businesses:
The digital ruble will simplify operations for businesses and reduce payment processing costs, positively influencing their growth.
How will ...