Chainalysis sets up regional HQ in Dubai amid local crypto boom

Chainalysis relocates its regional headquarters to Dubai, reflecting the UAEs progressive stance toward blockchain technology.

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What is the International Monetary Fund, and how does it work?

Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability.

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Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident

Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt withdrawal activity for the time being. British Virgin Islands-Based Digital [...]

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Chinese President Xi Jinping Says China Ready to Strengthen Cooperation With Russia

Chinese President Xi Jinping has stated that China is ready to strengthen cooperation with Russia. The two nations reportedly want to “develop and establish a bigger regional market” while ensuring “a more stable and robust global supply chain” in order to “bring real and tangible benefits to the countries in the region.” China and Russia [...]

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BRICS: History, objectives and an overview of the global alliance

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.  BRICS is an informal alliance that strives to foster collaboration and [...]

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Switzerland City Lugano Signs Agreement With El Salvador To Enhance Bitcoin Adoption in The Regions

The two jurisdictions want to strengthen relations to harness the potential of Bitcoin cryptocurrency for the benefit of both regions and neighboring states and countries. (Read More)

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Indian PM appeals for “global cooperation” to solve crypto-related issues

Indian Prime Minister Narendra Modi has once again called for “global collaboration” to deal with the challenges posed by crypto assets. The PM made a similar statement at the Sydney Dialogue last November, calling all democratic nations to make a collective effort in regulating the nascent industry. This time, however, Modi spoke at the 2022 […]

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BRICS, Eurasian Economic Union, SCO Members Plan to Discuss Forming an Extensive Alliance

In four days, representatives from the BRICS nations and the Eurasian Economic Union free trade group are set to convene to explore the possibility of integration with the Shanghai Cooperation Organization (SCO), as revealed by a recent russia-briefing.com report. The report emphasizes the formation of a vast Eurasian regional alliance that excludes Western involvement, with [...]

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Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance

A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided

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HKMA and SAMA Deepen Financial Ties Between Hong Kong and Saudi Arabia

The Hong Kong Monetary Authority and Saudi Central Bank strengthen financial cooperation through a bilateral meeting, focusing on infrastructure, technology, and investment opportunities. (Read More)

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Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation

Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into potential violations of federal securities law. Marathon’s Montana Mining Facility Under SEC [...]

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HKMA and PBoC Unveil New Measures to Enhance Financial Ties with Mainland China

The Hong Kong Monetary Authority and the Peoples Bank of China announce new initiatives to deepen financial cooperation and solidify Hong Kong's role as a global offshore RMB hub. (Read More)

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Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision [...]

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Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that are unprecedented in scale.” Putin on Financial Crisis and War Russia’s

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China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals

According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected to generate $19 billion in deals. Annual Trade Event Between

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Indian and Russian Foreign Ministers Discuss Cooperation in BRICS, G20, SCO

Indian external affairs minister and Russian foreign minister have held a meeting to discuss cooperation within the BRICS, the Group of Twenty (G20), and the Shanghai Cooperation Organization (SCO). The two countries have been shifting to settlements in national currencies, reducing their dependence on the U.S. dollar. Foreign Ministers Discuss BRICS, G20, SCO Indian External

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