Found: 74

Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization

... Russian gold market fits into the broader context of BRICS countries' efforts to diminish reliance on the dollar-based financial system. Russia is one of the world's largest gold producers, and in October 2024, the Ministry of Finance announced discussions ... ... control of Western exchanges. This represents another step toward de-dollarization—transitioning to settlements in national currencies and reducing the dollar's role in global trade. In recent years, central banks of BRICS countries and several other ...

The First White House Report on Digital Assets: Opportunities and Risks for Investors

... given to the policy regarding the digital dollar—specifically, its private alternatives. The U.S. administration aims to protect the global position of the dollar, but it is focusing on dollar-backed stablecoins rather than a central bank digital currency (CBDC). Back in January, Trump prohibited the issuance of any CBDC in the U.S., citing threats to citizen privacy, the stability of the financial system, and monetary sovereignty. Instead, the White House supports the development of "legal and legitimate" dollar-backed stablecoins worldwide as a tool to enhance the U.S.'s role in digital finance. In July 2025, the U.S. enacted its first ...

Living Off Interest from Deposits – Myth or Reality

... their money again. In contrast, deposits in state banks pose a minimal risk of loss, as depositors are protected by an insurance system. Even in the event of a financial institution's closure, the fund will reimburse depositors' money. Terms. Some financial ... ... pay up to 18% per annum on deposits in rubles, although in most cases, the rates are significantly lower. In terms of foreign currencies, the figures are considerably bleaker, with interest rates rarely exceeding 10%. Exact rates depend on the deposit ...

16 Years of Bitcoin: From Initial Steps to $100,000 and Beyond

... world has transitioned from an experimental technology to a recognized financial asset with a market capitalization exceeding $1 trillion. The Genesis and Evolution of Bitcoin In October 2008, a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published under the pseudonym Satoshi Nakamoto, outlining the principles of a decentralized digital currency. On January 3, 2009, the first block in the Bitcoin network, known as the "genesis block," was mined, marking the launch of a new financial system. The Evolution of Bitcoin's Price Over the Years 2009-2010: In its early years, Bitcoin ...

Mir Cards to Start Operating in Iran from January 2025

... between Russia and Iran will become more stable due to the reduction of risks associated with payment transactions. Russian companies will be able to pay for goods and services from Iranian partners in rubles, avoiding the need for third-party payment systems and minimizing currency risks. Favorable Conditions for Exporters: Russian exporters will be able to enhance their presence in the Iranian market by using Mir cards for transactions. This will also streamline operations and simplify accounting, which is particularly ...