Killing the US Dollar – China Shows Massive Support For BRICS Expansion
It’s been just revealed that the attacks on the US dollar continue. Check out more details about how China is joining BRICS’ expansion ideas. China supports BRICS expansion ideas According to the latest reports, it seems...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s been just revealed that the attacks on the US dollar continue. Check out more details about how China is joining BRICS’ expansion ideas.
China supports BRICS expansion ideasAccording to the latest reports, it seems that China says it’s fully backing a major expansion of the global economic alliance known as BRICS.
The country is ready to “bring more like-minded partners” into BRICS, which currently consists of Brazil, Russia, India, China, and South Africa, says Chinese foreign ministry spokesperson Mao Ning.
The state-backed outlet China Daily stated the fact that Ning made the statement while commenting on reports that Venezuelan President Nicolas Maduro is pushing to add Venezuela to the group.
“As an important platform for cooperation among emerging markets and developing countries, BRICS is committed to upholding multilateralism, vigorously advancing the reform of the global governance system and increasing the representation and say of emerging markets and developing countries.”
We suggest that you check out the original article in order to learn more details about this.
According to the latest reports, it looks like the top figureheads of the BRICS alliance say that the coalition represents “a complete reconfiguration of global order as the old world fades away.”
The online publication the Daily Hodl notes the fact that foreign ministers of BRICS, which currently represent the countries of Brazil, Russia, Iran, China and South Africa, just met in Cape Town for a summit.
A new report from The Daily Star, the theme of the conference was overshadowed by the conflict between Russia and Ukraine.
South African foreign minister Naledi Pandor said the following:
“Our vision of BRICS is for our partnership to provide global leadership in a world fractured by competition, geopolitical tension, inequality, and deteriorating global security…
Our discussions today will therefore focus on opportunities… strengthening and transforming global governance systems”.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
South Korea Ends 1M Won Crypto Travel Rule Limit in Major AML Crackdown
Key Takeaways: The Travel Rule will be adopted by South Korea for all transfers between registered VASPs. Amidst AML controls, ove...
Russia Caps Crypto Buying at 300,000 Rubles for Retail Investors Under New Rules
Key Takeaways: Russia offers non-qualified investors a limit of purchasing up to 300,000 rubles worth of crypto per year via inter...
Record user activity and a collapse in whale selling should send XRP soaring, so why is it still pinned at $1?
XRP is back near $1 even as network activity rebounds, whale deposits to Binance collapse, and derivatives exposure builds near re...
Crypto Exchange Sign-Up Bonuses Explained: How to Get Free Bitcoin in 2026
A crypto sign-up bonus is a reward that a crypto exchange offers to new users for opening an account and completing certain tasks....
A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately
Bitcoin treasury holder CIMG Inc. said in its Aug. 13 quarterly filing that it needs to raise capital immediately, even though it...
Wall Street Rewrote Crypto’s Rules With $11.2 Billion in Checks
Crypto firms raised $11.2 billion in H1 2026, all flowing to regulated businesses. BlackRock, Goldman and Gulf sovereigns now set...