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Russia to Launch Two Crypto Exchanges and BRICS Stablecoin

Aug 23, 2024, 08:39 AM

Russia is planning to establish two cryptocurrency exchanges as part of its strategy to enhance foreign economic activities. According to reports by Kommersant, one exchange will be located in Moscow and the other in St. Petersburg. Additionally, Russia aims to develop a stablecoin linked to the Chinese Yuan (RMB) and the BRICS currency basket. This initiative is intended to facilitate international trade and strengthen economic ties within the BRICS nations.

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Will at least one non-BRICS country adopt the BRICS stablecoin for trade by end of 2025?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

Yes • 50%

No • 50%

Official announcements from non-BRICS countries, news reports from reliable sources

Will Russia launch a stablecoin linked to RMB and BRICS currency basket by mid-2025?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements from Russian government or financial regulatory bodies, news reports from reliable sources

Will Russia successfully launch two cryptocurrency exchanges by end of 2024?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

Yes • 50%

No • 50%

Official announcements from Russian government or financial regulatory bodies, news reports from reliable sources like Kommersant

What will be the primary use case for the BRICS stablecoin in the first year?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

International Trade • 25%

Other • 25%

Remittances • 25%

Investment • 25%

Official trade statistics, financial reports, news reports

Which BRICS nation will conduct the highest trade volume using the new stablecoin in the first year?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

Brazil • 25%

Russia • 25%

India • 25%

China • 25%

Official trade statistics from BRICS nations, financial reports

Which Russian cryptocurrency exchange will launch first: Moscow or St. Petersburg?

Russia•Kommersant•Moscow•Chinese Yuan

Resolution / Starting Odds

Moscow • 50%

St. Petersburg • 50%

Official announcements from Russian government or financial regulatory bodies, news reports from reliable sources like Kommersant