Posted 3/24/2024, 5:02:15 PM
US Watching BRICS Digital Currency Plans with Concern
- US monitoring BRICS efforts to develop a digital currency and blockchain payment system to support proposed BRICS currency
- Monitoring due to concerns over Russia's increased commitment to digital asset development and potential election interference
- BRICS currency and payment system part of broader de-dollarization effort by alliance
- US dollar seen as currently vulnerable
- US seeking to curtail BRICS digital currency push and expand de-dollarization efforts
