Month: August 2024


Just-In: Russia Plans To Launch 2 Crypto Exchanges & BRICS Stablecoin August 23, 2024

📝💲💲📝 Russia is now planning to launch two major crypto exchanges, one in Moscow and the other in St. Petersburg. This move underscores the need to boost foreign economic activity (FEA). Moreover, it eyes building a Chinese yuan-pegged BRICS stablecoin, further pushing the dedollarization efforts.💲🎉⌨️

The crypto exchange initiative is designed to provide a new platform for digital transactions. However, experts have expressed concerns over the potential limitations and risks associated with the project, particularly in light of international sanctions.

Russia’s Plans On Developing The Crypto Sector
One of the crypto exchanges will likely leverage the infrastructure of the St. Petersburg Currency Exchange (SPCE) to facilitate foreign economic activity, according to a report by Kommersant. Whilst, the other platform is expected to be based in Moscow. However, it remains unclear whether it will be developed on the foundation of the existing Moscow Exchange or as a separate entity within an experimental legal framework.

The primary focus of these exchanges will be the creation and use of stablecoins. For context, stablecoins are a type of crypto that is typically pegged to a reserve of assets, such as a national currency or a basket of currencies. In this case, the Russian government is reportedly considering the development of stablecoins linked to the Chinese Renminbi (RMB) Yuan and the BRICS currency basket.

Hence, this move is aimed at boosting economic cooperation among the BRICS nations (Brazil, Russia, India, China, and South Africa). Currently, BRICS is eyeing dedollarization via crypto and blockchain. However, the development and deployment of a BRICS stablecoin via newly-launched crypto exchanges present a number of challenges.

Oleg Ogienko, CEO of BitRiver, pointed out the technological difficulties in integrating stablecoins into Russia’s blockchain infrastructure. He noted that “stablecoins, due to their legal nature, are more like cryptocurrency.” This could complicate their convertibility, liquidity, and security. Moreover, the complexity of these issues could hinder the seamless adoption of stablecoins in Russia.

Current Regulatory Framework & Challenges For Crypto Exchanges
In terms of regulatory frameworks, Russia currently operates under Federal Law No. 259 “On Digital Financial Assets.” This regulation provides the legal basis for the issuance and circulation of digital assets. However, this legislation does not specifically address the creation or regulation of cryptocurrency exchanges.

https //coingape com/russia-plans-to-launch-2-crypto-exchanges-brics-stablecoin/


🚨Miracle in the stock exchange. Old system brought down. New system brought in.

Kim Clement April 16th 2005 and July 18th 2015!!
Mirrored!

“Beginning at this election, I began to do some things that were unusual. But beginning the month of August, September and October the heavens will be opened over the United States of America.”

“A miracle shall happen in the banking and the stock exchange. Look to the months of August, September and October. Watch the oil, its gone high, high, high. Lower, lower lower.”

“Then I will take away the lethargy of the old, I will take away the Eli priest. There will be deaths, there will be deaths over the summer but do not fear because I’m taking out the old order and I’m taking those that are in the temple and corrupting them with adulteress actions and what they are doing in the temple has brought an odor to me. I will remove them. But Samuel shall arise, David shall arise.”

Kim Clement July 18th, 2015 – Financial break in the system
“Something has opened up, and please hear me when I say this. Many people don’t see it or even receive it because they say, “Oh, I’ve heard that before.” You’d better listen very carefully because when God declares because of the youth and the prophetic sound in the youth, and there is, believe it or not. The heavens are opening up – not the old system of Eli the high priest, but a new system that will be set up as the result of God releasing a Samuel to the earth. Your children are important to God. You are important to Him. He’s looking to your future.

@CaptKylePatriots


Under Kamala Harris and Joe Biden’s administration, they mistakenly gave $239 million of your hard earned tax payer dollars to the TALIBAN.

We are $35 TRILLION in debt and this failed administration is so incompetent that they are throwing money at our enemies on accident.

@RepMTG


These brokerage firms are reporting errors for retail investors while institution investors are able to make trades.

That’s too many platforms to be a coincidence.

Controlled to stop panic selling in order to prevent a crash.

Go ahead, call me a conspiracy theorist, I could care less.

But I’ll challenge you back.

Prove me wrong.

@RepMTG