Central banks favor legacy instant payment systems over CBDCs
TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions. Go to Source
Project Mbridge
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BIS distances from Project mBridge amid BRICS sanctions concerns
Economic sanctions have a profound effect on international financial architecture, it turns out. Go to Source
BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, … Read more
