2 / 3 Relevant items tagged with #SouthAfrica
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Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
[Aug 28, 2023 1:30 AM] Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called…
All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat
[Aug 27, 2023 1:30 AM] The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be…
Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal
Official Hints China Could Pit Expanded BRICS Against G7
[Aug 22, 2023 11:30 AM] China may be in the process of building an expanded BRICS to pit the bloc as a geopolitical rival for the Group of Seven (G7) nations, as per statements from a Chinese official. In its upcoming summit that will take place in Johannesburg, the bloc…
Dutch ING Bank Analysts: BRICS Expansion to Power De-Dollarization Across World Economies
[Aug 22, 2023 2:00 AM] Analysts of ING bank believe the de-dollarization trend that has been growing in the world might pick up momentum due to the possible expansion of the BRICS bloc. While the issuance of a BRICS common currency remains uncertain, according to some…
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
[Aug 18, 2023 2:00 AM] The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both…
US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says
[Aug 17, 2023 1:30 AM] BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies…
BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say
[Aug 14, 2023 3:00 AM] The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross…
Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS
[Aug 6, 2023 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join…
Venezuela Presents Official Request to Join BRICS
[Aug 5, 2023 1:30 AM] The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive…
China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report
[Jul 29, 2023 3:30 PM] BRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report. The two nations have different reasons to have reservations about Beijing’s plan to soon increase the organization’s…
South Africa’s Foreign Minister Hints at Expansion of BRICS Bloc With 3 New Members
‘Historic’ BRICS Summit to Be Held Without Putin in Person
[Jul 20, 2023 1:30 PM] Russian President Vladimir Putin will not travel to Johannesburg for the BRICS summit in August, according to the office of his South African counterpart. Moscow will send Foreign Minister Sergey Lavrov instead, the Kremlin confirmed, emphasizing…
BRICS Leaders to Talk Expansion at August Summit, Host Confirms
[Jul 19, 2023 1:30 AM] The leaders of the BRICS states will discuss the organization’s enlargement when they meet in South Africa, the country’s president indicated. The summit is set take place in August when over a dozen countries will hope to be given a path to…
India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead
[Jul 11, 2023 8:00 AM] Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s…
From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10
[Jul 10, 2023 2:00 PM] South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023.
Google Trends Data Reflects Rising Interest in BRICS Bloc and De-Dollarization Searches
[Jul 10, 2023 8:00 AM] Set to take place in less than two months, the upcoming BRICS Summit in Johannesburg, scheduled for August 22 to 24, has captured global attention. Anticipation is mounting as ministers from the BRICS countries convene to explore potential avenues…
South Africa to mandate crypto exchange licenses by year-end: Report
[Jul 5, 2023 2:18 AM] South Africa reportedly becomes the first country on the continent to require digital asset exchanges to be licensed.
Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets
[Jun 23, 2023 5:30 AM] A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments…
BRICS: History, objectives and an overview of the global alliance
[Jun 23, 2023 3:07 AM] Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.
France’s Macron Hopes to Attend BRICS Summit in South Africa, Report
[Jun 15, 2023 11:30 PM] French President Emmanuel Macron wants to join the leaders of the BRICS nations when they meet in August, according to a press report. While his participation in the multipolar bloc’s summit is uncertain, Macron has already scheduled another summit…
From cricket to crypto: AB de Villiers ventures into Web3
[May 31, 2023 11:00 AM] South African cricket icon AB de Villiers trades his bat for Web3 as he discusses his love affair with NFTs and a partnership with a novel Ethereum-based investment platform.
South Africa’s Crypto Firms Will Soon Need to Apply for Registration or Face a Heavy Fine
[May 25, 2023 8:03 AM] Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment.
Rand Plunges After US Weapons Accusations Against South Africa, Schiff Criticizes Misleading Inflation Numbers, and More — Bitcoin.com News Week in Review
[May 21, 2023 7:30 AM] Another exciting week in crypto and finance has come and gone, with news of U.S. government accusations against South Africa, regarding the alleged supply of the Russian state with ammunition. In other news, ten Southeast Asian nations are…
BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
[May 17, 2023 7:30 PM] South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to…
BRICS to Promote National Currencies Before Issuing Common One
[May 1, 2023 12:00 AM] The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat…
South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case
[Apr 28, 2023 2:06 AM] The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.
BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says
[Apr 27, 2023 3:30 AM] Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a…
BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit
[Apr 25, 2023 8:00 AM] Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement…