According to Odaily, Russian President Vladimir Putin has expressed interest in utilizing cryptocurrency as a potential settlement method for the BRICS investment platform. Putin announced that the construction of this platform is already underway, and there is a possibility for crypto assets to play a role in the settlement tools used within this investment framework. The BRICS nations are actively working towards establishing a financial system that reduces reliance on the US dollar.
During the "Russia Calling" forum, hosted by VTB Bank, one of Russia's largest financial institutions, Putin highlighted the significance of crypto assets. He acknowledged expert predictions that global economic growth could benefit from the integration of these assets and their associated financial infrastructure. This move aligns with the broader efforts of the BRICS countries to explore alternative financial mechanisms and enhance economic cooperation among member states.