Official government announcements from any BRICS nation

Putin Proposes $12 Trillion BRICS Digital Currency Investment Platform, Bitcoin Mining in Developing Markets

Nov 11, 2024, 05:20 PM

Russian President Vladimir Putin has proposed the establishment of a global investment platform for BRICS nations that would leverage digital currencies. This initiative comes amid criticisms of the U.S. dollar's dominance in global finance, with Putin highlighting that the United States has generated $12 trillion in currency over the past decade without tangible backing. The proposal aims to enhance investment opportunities within developing markets by utilizing digital assets, reflecting a broader shift towards cryptocurrency in international finance. The announcement aligns with Russia's plans to mine Bitcoin in BRICS countries, indicating a strategic move to integrate cryptocurrency into the region's economic framework.