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RUSSIA TO TRADE USING BITCOIN (Eruptions Market Report 3-15-24)

BRICS member Russia is using all methods to bypass the US sanctions to keep its economy afloat. In the latest advancement to safeguard its economy, BRICS country Russia has officially signed a law to use digital assets for trade settlements.

Digital Financial Assets (DFAs) will be used to settle cross-border transactions and currencies like the US dollar will not be incorporated. While the US is trying to limit Russia’s growth through sanctions, Russia in turn is dampening the US dollar’s prospects.

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