BRICS member states could create a cryptocurrency to function “as an alternative to other payment instruments.”
According to Kirill Dmitriev, head of the Russian Direct Investment Fund, investments in the bloc, which consists of Russia, India, South Africa, China and Brazil, is set to increase up to fourfold within the next three years.
“One other topic we’re discussing on the financial committee is cryptocurrency,” he told journalists quoted by Russian news outlet RIA Novosti.
“It may even be possible to discuss creating a BRICS cryptocurrency as an alternative to other financial instruments, and that’s what’s being debated as part of the BRICS Business Council.”
Full story at http://bit.ly/2vFu1O9
Source: CoinTelegraph
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