Latin American countries, commonly known as South America, would be ready to accept the BRICS cross-border payment initiative, says Russian Deputy Foreign Minister Sergey Ryabkov.Ryabkov revealed that the work on…
The BRICS Pay system is receiving interest from the European Union, countries from South America, and Africa. The alliance is strategically expanding its global footprint by allowing many countries to…
China invests in BRICS and this reached a major milestone right now as Beijing announced a massive $10 billion investment into South Africa’s economy, and it’s actually focusing on ports,…
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Lee Eok-won, the nominee for chairman of South Korea’s Financial Services Commission (FSC), has made harshly critical remarks about cryptocurrency.According to a Monday report by local news outlet News1, Lee…
South Africa leaving BRICS has become a hot topic right now, and especially after the country officially rejected de-dollarization plans that were being promoted by the economic bloc. The Department…
In brief
A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives.
The largest single crypto theft reached…
South African regulators are preparing sweeping
changes to the country’s over-the-counter (OTC) derivatives market in a bid to
reduce systemic risk and tighten oversight of non-bank providers. The Financial Sector Conduct Authority…
Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media.South Korea’s state-funded Yonhap News Agency reported…
In brief
Executives from stablecoin issuers Circle and Tether are set to meet with top figures in some of South Korea's biggest financial groups this week, according to reports in local…