Russia Prepares to Test Cryptocurrency Exchange and Use Systems for International Payments

Russia is approaching the start of trials for cryptocurrency and token exchanges and their use in cross-border transactions.
These efforts aim to alleviate payment difficulties faced by local companies affected by international sanctions.

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Russia
China
Powell

Russia

Two individuals familiar with the matter, who requested anonymity due to the sensitivity of the information,
revealed that the trials are set to begin on September 1st. They added that Russia will utilize the National Payment Card System to facilitate exchanges between the ruble and cryptocurrencies during the testing of payments and exchange platforms.

China

China is chasing Tesla in the robotics market.
Several Chinese robots, which waved, walked, or even shrugged their shoulders,
outperformed Tesla’s “Optimus” robot at the World Robot Conference in Beijing a few days ago.
More than 20 Chinese companies showcased humanoid robots designed for work in factories and warehouses.
Beijing relies on government support, price competition, and a large supply chain in this field,
according to Reuters. China leads the world in the number of industrial robots installed in factories,
with more than three times the number in North America, according to the International Federation of Robotics.

Powell

Powell’s remarks leave traders puzzled about the size and path of interest rate cuts.
Federal Reserve Chairman Jerome Powell clarified that interest rate cuts will begin next month.
However, he provided no indication of the size of the cuts or the course of easing,
leaving traders uncertain about the magnitude and direction of interest rates.
The speech, however, was delivered before the recent tension in the Middle East,
where Israel attacked Hezbollah sites in southern Lebanon,
and the Iran-backed militant group began what it called its initial response to the killing of its military commander last month.

Russia Prepares to Test Cryptocurrency Exchange

Russia Prepares to Test Cryptocurrency Exchange

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