BRICS Proposal for Digital Asset Platform Could Redefine Global Finance
At a recent summit, Russian President Vladimir Putin proposed a BRICS investment platform centered on digital assets, aiming to streamline investments in emerging markets across South Asia, Africa, and Latin America.
The platform would leverage electronic payments to support high-growth areas, emphasizing regions with strong demographic and economic potential. Following its recent expansion to include Egypt, Ethiopia, Iran, and the UAE, BRICS aims to increase its global influence and offer an alternative to Western financial systems.
Putin also commented on the U.S. dollar, acknowledging its ongoing importance for Russia despite limitations from U.S. policies.
Clever Robot News Desk 11th November 2024
