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💥 : Are we facing a new financial system? 🔗🪙
As the BRICS group expands, discussions about breaking the dollar's dominance and seeking digital and decentralized alternatives to the traditional financial system are increasing. Here, cryptocurrencies begin to enter the equation 🔥
✅ Key features of the relationship between BRICS and the crypto market:
1. Talk of a "Unified BRICS Digital Currency"
There are proposals to create a digital currency backed by gold or commodities.
Its goal is to facilitate trade exchanges between member countries away from the dollar or SWIFT.
If launched, it will be the first major economic alliance using a digital currency for international trade.
2. Russia and China's support for blockchain and digital currencies
Russia is looking for digital solutions to avoid sanctions.
China is developing the digital yuan and supporting it technologically in Africa and Latin America.
3. The behavior of new countries (Saudi Arabia, UAE, Iran, Egypt):
The UAE is one of the first countries to support Web3 and allowed licenses for cryptocurrency trading.
Saudi Arabia is looking for digital payment solutions and is studying government digital currency (CBDC) strategies.
Iran is using cryptocurrencies to bypass sanctions.
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🎯 What does that mean for the future of crypto?
The introduction of a BRICS-backed digital currency could push the world towards multiple sovereign digital currencies.
Competing with the dollar in global trade may push other countries to adopt digital currencies as a hedge.
Bitcoin may benefit as a store of value amid geopolitical divisions.
> "Every move by BRICS against the dollar... is an indirect boost to the cryptocurrency market!"
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⚠️ Alert for investors:
If you are interested in the crypto market, closely monitor BRICS news.
📉 Announcement of a unified digital currency?
📈 A business decision without the dollar?
💥 Which of these could lead to massive market fluctuations.
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