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Russia has long been trying to break the traditional market chains by leading the global financial regimes at its own pace. However, with the US sanctioning Russia and removing it from the SWIFT system, the country has since then found lucrative methods to stabilize its economy, including utilizing diversification of assets to strengthen its reserves. Here’s how much gold Russia holds at present that has led the nation to earn the label of a country hoarding the maximum amount of precious metal in its reserve. Also Read: 2 Things To Expect From Donald Trump’s Digital Asset Rendezvous On March 20 How Much Gold Does Russia Have? Source: Watcher Guru Russia is one of the leading gold holders in the world, with its reserves valued at $217.4 billion as of March 1st, 2025. The nation has diversified away from the dollar into gold, which now comprises 34.4% of the nation’s total foreign reserve. “Russia has expanded its gold reserves to a record high, reaching $217.4 billion as of ...

The BRICS alliance has extended the red carpet welcoming like-minded NATO countries to join the alliance. The development could lead to a paradigm shift in the global financial sector if Western nations join the bloc. The tug-of-war between developing countries and developed Western nations has gone full throttle after the bloc kick-started the de-dollarization agenda. Also Read: BRICS: 85% Trade Settled in Local Currencies, Not US Dollar The White House pressed sanctions on Russia in 2022 for invading Ukraine. However, Russia bypassed the sanctions by selling crude oil at discounted prices to BRICS members since then. Even Saudi Arabia purchased Russian oil from the BRICS member at cheaper rates and laundered it all over Europe, who are mostly NATO members. Also Read: 3 US Sectors To Be Affected If BRICS Ditches the Dollar For Trade NATO Members Can Join BRICS, Says Diplomat Source: NATO Russian spokesman Dmitry Peskov took a jibe at the West for not allowing member countries to join ...

Author: Maria Noor Maria Noor is currently working in the field of AI and is also an OSINT freelancer. She writes and publishes news articles in the field of cryptocurrency, helping to develop the new field of crypto journalism. Maria has been involved in a number of cryptocurrency projects using AI. She has a Bachelor’s in Media and Communication from the American University of Beirut (AUB). Amid escalating economic challenges and international sanctions, cryptocurrency users in Iran are becoming increasingly concerned about the security and reliability of centralized exchanges. Reports have emerged that users have faced asset freezes and account blocks on international exchanges due to transactions related to Iranian centralized exchanges like Nobitex. Because of primary and secondary U.S. sanctions, international centralized exchanges are prohibited from providing services to Iranian users. Strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations have made legal a...

Russia is currently mulling over legalizing stablecoins pegged to either the US dollar or gold to conduct international payments. Per Izvestia, a local Russian outlet, Putin’s administration is currently conducting open discussions on the said development, with proposals ready to escalate the talk to the next level. Also Read: ASEAN: Malaysia Calls For Asian Monetary Fund To Derail US Dollar Russia Wants to Legalize Stablecoin Payments Source: pics.alphacoders.com According to Izvestia, Russia is currently contemplating legalizing stablecoin for global trade and international payments. Deputy chairman of the central bank, Alexey Guznov has already confirmed the aforementioned development. Elaborating more on details, Guznov shared that the real question would be how to regulate the entire chain of transactions in an effective manner. The plan of action entails allowing individuals to transfer these assets to the Russian Federation, accumulate those assets there, and later use them...

Author | Cats Editor | Coin Wu Blocking Process On August 20th, while logging into Opensea to check the NFT market, I found that I couldn’t access my account . It displayed that the account had been banned due to activities violating their terms of service, making it impossible to use Opensea to buy, sell, or transfer. Since I hadn’t used Opensea to purchase NFTs or engage in related activities for several months, I sent an email to Opensea asking for the specific reason for the ban. Opensea’s explanation was that it was in violation of U.S. government-imposed sanctions , and as a U.S. company, Opensea needs to comply with the U.S. sanctions program managed by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department. Possible Reason First, I checked the SDN sanctions list published by OFAC according to Opensea’s statement, and I did not find my name on that list. Then, by reviewing Twitter and my own transaction records, I speculated that the ban might have been ca...