Tag: Settlements

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of ...

In a recent working paper, the Bank for International Settlements (BIS) examined the inner workings of decentralised finance (DeFi) and ...

See this article from Reuters: https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/https://www.bloomberg.com/news/articles/2022-12-05/-missing-65-trillion-in-derivatives-dollar-debt-sparks-concern?srnd=premium&leadSource=uverify%20wallBasically when a financial institution wants to invest in another country, they have to carry ...

Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. ...

Bank of Russia which is the nation’s central bank has admitted that cross-border crypto transfers are next to impossible to ...