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https://bitsonline.com/eurasian-economic-union-cryptocurrency/
Russia
Belarus
Kazakhstan
Kyrgyzstan
Armenia
set to move forward with alternative to dollar denominated currency exchanges. Likewise other partners of the EEU and potential members, Iran, mongolia, tajikistan, uzbekistan, moldova may start to see the benefits of this. Tajikistan is in process of becoming member. And Iran if it ever reformed could become along with Mongolia. Vietnam, china. India is negotiating a trade deal with the eurasian union. Israel is also last i checked. Iran has interrim agreement. Moldova is observer member of the union.
Vietnam already has one and many of the partners in the SCO.
Russian officials have been exploring the possibility of using a cryptocurrency to get around the U.S. sanctions for quite a while now.
Two months ago, the idea of an oil-backed cryptocurrency that could be shared with other major oil exporting countries was first floated, and it is still under discussion.
Meanwhile, reaching agreement on a single cryptocurrency with EEU member states looks a more likely prospect than similar would-be campaigns in other oil exploring countries.
All member states of the EEU, which came into force as a political and economic union of several former Soviet republics in 2015, are Russia’s close allies, and some of them, such as Armenia and Belarus, heavily depend on Russian energy supplies.
Although none of Russia’s EEU partners are under U.S. sanctions, they have still been indirectly hit by the sanctions as their economies are closely interwoven with their more powerful benefactor.
Russia
Belarus
Kazakhstan
Kyrgyzstan
Armenia
set to move forward with alternative to dollar denominated currency exchanges. Likewise other partners of the EEU and potential members, Iran, mongolia, tajikistan, uzbekistan, moldova may start to see the benefits of this. Tajikistan is in process of becoming member. And Iran if it ever reformed could become along with Mongolia. Vietnam, china. India is negotiating a trade deal with the eurasian union. Israel is also last i checked. Iran has interrim agreement. Moldova is observer member of the union.
Vietnam already has one and many of the partners in the SCO.
Russian officials have been exploring the possibility of using a cryptocurrency to get around the U.S. sanctions for quite a while now.
Two months ago, the idea of an oil-backed cryptocurrency that could be shared with other major oil exporting countries was first floated, and it is still under discussion.
Meanwhile, reaching agreement on a single cryptocurrency with EEU member states looks a more likely prospect than similar would-be campaigns in other oil exploring countries.
All member states of the EEU, which came into force as a political and economic union of several former Soviet republics in 2015, are Russia’s close allies, and some of them, such as Armenia and Belarus, heavily depend on Russian energy supplies.
Although none of Russia’s EEU partners are under U.S. sanctions, they have still been indirectly hit by the sanctions as their economies are closely interwoven with their more powerful benefactor.
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