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Amidst the BRICS collective’s push to eliminate the reliance on the US dollar, Russia ’s Finance Minister, Anton Siluanov, stated that more than 70% of trade between China and Russia is settled in their respective local currencies. The figure arrives as both countries have sought alternatives to the US dollar for international trade. Moreover, as the Chinese yuan has seen growing prevalence, the two nations are clearly embracing the changes they’ve called for. Alternatively, just a year ago, the nation’s trade in local currencies was only 30%. JUST IN: 70% of trade deals between China and Russia are now settled in Chinese Yuan or Russia n Rubles. pic.twitter.com/dzVAIV1Raz — Watcher.Guru (@WatcherGuru) April 25, 2023 China and Russia Working Without US Dollar The rising prevalence of the BRICS nations has been a constant headline so far this year. Additionally, as the collective has surpassed the G7 nations in GDP (PPP), the shifting global power balance has clearly bee...

FinCEN placed Binance next to the darknet market Hydra as a major counterparty receiving Bitcoin from Bitzlato. The United States Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has argued that Binance is linked to the illegal cryptocurrency platform Bitzlato. In an order published on Jan. 18, FinCEN stated that Binance cryptocurrency exchange was among the “top three receiving counterparties” of Bitzlato in terms of Bitcoin (BTC) transactions. According to the authority, Binance was among the biggest counterparties that received Bitcoin from Bitzlato between May 2018 and September 2022. Other such counterparties included Russia-connected darknet market Hydra and the alleged Russia-based Ponzi scheme known as “TheFiniko,” FinCEN noted. On the other hand, FinCEN did not mention Binance as the top three sending counterparties in the order. According to the document, the biggest Bitcoin senders to Bitzlato between May 2018 and September 2022 were Hydr...