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BRICS: China & Russia Settle Oil Trade in New Currency

Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payments using the leading cryptocurrency Bitcoin. This is a major step in advancing the de-dollarization agenda where the US dollar had a command in the oil and gas industry. “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” wrote VanEck.