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The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
A private committee, led by Bitcoin specialist Yves Bennaïm, is pushing for a popular initiative in Switzerland to mandate the Swiss National Bank to invest in Bitcoin, amending the constitution to allow part of its reserves in the cryptocurrency. The initiative, which requires 100,000 signatures by mid-2026, follows previous recommendations for significant Bitcoin investments that could have yielded substantial returns. As global interest in national Bitcoin reserves grows, Switzerland has the chance to take a leading role in this emerging financial landscape.
Switzerland is considering a proposal to add Bitcoin to its national reserves alongside gold, backed by ten crypto advocates. The initiative, requiring 100,000 signatures within 18 months, aims to amend the Swiss Constitution to allow the Swiss National Bank to hold Bitcoin. Despite the push, concerns over Bitcoin's volatility and energy use persist among financial authorities.
Trump's call for all remaining Bitcoin to be mined in the US faces significant hurdles, as experts highlight global competition and Bitcoin's decentralized nature. Currently, US miners account for less than 50% of Bitcoin's computational power, with countries like China and Russia leading due to lower energy costs and regulatory advantages. As 95% of Bitcoin's total supply has already been mined, controlling future production remains a complex challenge.
Russian firms are increasingly using Bitcoin and other digital assets for international trade, driven by recent legislative changes aimed at countering Western sanctions. Finance Minister Anton Siluanov confirmed that such transactions are already taking place and are expected to grow.President Putin has endorsed cryptocurrencies as alternatives to the dollar, highlighting Bitcoin's global regulatory resistance. Meanwhile, Russia is intensifying efforts to legalize crypto mining while extending a ban on mining activities in certain regions until 2031, addressing energy consumption concerns.
Europe faces a precarious future as demands for increased military spending threaten social stability, while the influence of the US looms large. The region is in chaos, with rising discontent towards elites and a potential loss of sovereignty, as economic and political challenges mount. The EU's stability is questioned amid financial strains, and the prospect of a new geopolitical order led by figures like Trump and Musk raises concerns about Europe's role on the global stage.
Russian authorities are set to ban cryptocurrency mining in 10 regions starting January 1, 2025, due to energy shortages, with the prohibition lasting until March 15, 2031. Regions affected include Dagestan, Chechnya, and annexed territories like Donetsk and Lugansk. Additionally, three Siberian regions will face seasonal mining restrictions during peak energy consumption periods, following legislation aimed at preventing power shortages and blackouts.
Starting January 1, 2025, Russia will impose a six-year ban on crypto mining in ten key regions, including Dagestan and Chechnya, to address energy consumption issues. Seasonal bans will also affect parts of the Irkutsk region and others during peak energy usage. This decision follows new laws aimed at regulating the crypto industry and managing electricity shortages, with the potential for further regional restrictions based on future developments.
Russia will ban crypto mining in several regions starting January 1, 2025, to address electricity shortages and interregional cross-subsidization issues. The ban will affect areas like Dagestan, Ingushetia, Chechnya, and the Donetsk and Luhansk People's Republics, with seasonal restrictions imposed during peak energy consumption periods. Crypto mining was legalized in Russia in August 2024, requiring miners to register with the Federal Tax Service and adhere to specific electricity usage limits.
Donald Trump demands NATO countries increase military spending to 5% of GDP, while the EU faces rising debt and discontent among its member states. Switzerland, thriving through various industries, resists EU integration, with political leaders struggling to gain public support for a contentious treaty that may face significant opposition in upcoming elections.
Vladimir Putin
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