BRICS Unified Exchange to Leverage Blockchain and Virtual Currency for Settlements

The Deputy Chairman of the State Duma, Alexander Babakov, proposed the creation of a unified BRICS exchange using blockchain and virtual currency for inter-bloc settlements. Babakov stated that such an organization “will be the key to the economic sovereignty and independence of our countries,” while avoiding the use of third-party payment networks. The recently proposed BRICS unified exchange may (…)