Russia will invite #BRICS countries to use digital currencies in their investments. The statement came from President Vladimir #Putin .
According to TASS, Putin said at a press conference ahead of the BRICS summit on October 22, "I will participate in the details, but right now we want to present a very important issue to BRICS members. This is about the details of using digital currencies in investments." savings were used.
Putin continued his words, "We are an instrument that will be in line with the interests of not only BRICS countries, but also other emerging economies, and will not be inflationary in practice."
Putin said that consultations on the issue were still ongoing: "We are already consulting with our Chinese and Indian friends, we have just met with the Brazilians. We will definitely talk to South Africa. We will do this together with everyone. We are slowly moving forward."
Russian Deputy Finance Minister Sergei Ryabkov had announced that BRICS was discussing the possibility of payment with stablecoins. Putin also stated in a statement at the end of September that BRICS was working on an independent payment system to be used in international trade.
Finally, Putin said in a press conference, “Our door is open to new members.” Turkey had also announced its willingness to join BRICS. The union consists of Brazil, Russia, India, China, South Africa, Egypt, ethnic Iran, Saudi Arabia and the United Arab Emirates.
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