Bitcoin

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 <li><strong>Russian lawmakers propose selling mined Bitcoin to international buyers, reducing reliance on dollar-based financial systems.</strong></li>
 <li><strong>BRICS leaders discuss leveraging cryptocurrency for trade to challenge Western financial dominance and bypass sanctions.</strong></li>
 <li><strong>The Kazan summit highlights BRICS’ rising global influence amid US dominance decline, with new nations seeking membership.</strong></li>
</ul>
<p>Matthew Sigel, Head of Digital Assets Research at VanEck, posted on X about discussions at the BRICS Summit. According to Sigel, Russian lawmakers are exploring strategies to sell Bitcoin mined in Russia to international buyers. These buyers could then use Bitcoin and other cryptocurrencies to pay for imports, potentially bypassing Western sanctions.</p>
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   <p lang="en" dir="ltr">As the BRICS Summit Kicks Off, Top Lawmakes Are Pushing the Idea that Russian Miners Could Sell Their <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> to International Buyers, Who Would Use BTC and Other Crypto to Pay for Imports, Effectively Bypassing Western Sanctions.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/AyI8Km64Y1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AyI8Km64Y1</a></p>— matthew sigel, recovering CFA (@matthew_sigel) <a href="https://twitter.com/matthew_sigel/status/1849101331325178236?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 23, 2024</a>
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<h2 class="wp-block-heading" id="h-brics-leaders-eye-crypto-for-trade-resilience">BRICS Leaders Eye Crypto for Trade Resilience</h2>
<p>At the BRICS Summit in Kazan, Russia, leaders from member countries are disc…</p>
<p>The post <a href="https://coinedition.com/brics-explores-bitcoin-for-trade-bypassing-western-sanctions/" rel="noopener noreferrer nofollow">BRICS Explores Bitcoin for Trade, Bypassing Western Sanctions</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BRICS Explores Bitcoin for Trade, Bypassing Western Sanctions

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