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 <p>Also Read: <strong>XRP Lawyer: Coinbase May Have Acquired Ripple Too?</strong></p>  
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 <p>BRICS, a group of five emerging economies Brazil, Russia, India, China, and South Africa, is said to be working on a common currency to counter the US Dollar dominance.</p> 
 <h2 id="putin-us-dollar-losing-global-role">Putin: US Dollar Losing Global Role</h2> 
 <p>Earlier, reports quoted <a rel="noopener noreferrer nofollow" title="Russia" href="https://thebittimes.com/tag/russia.html">Russia</a>n President Putin as saying that the US dollar is losing its global role in an “objective and irreversible” process. Last week, CoinGape reported former US President Donald Trump’s warning on the threat to the Dollar’s global position. He warned that the BRICS group’s aggressive moves towards dedollarization could be a massive threat.</p>  
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 <p>The <a rel="noopener noreferrer nofollow" title="Russia" href="https://thebittimes.com/tag/russia.html">Russia</a>n president had reportedly attended the BRICS 2023 in Johannesburg through video conference from Moscow. He also credited the success of reducing US Dollar’s share of member states trade to the BRICS Group. The share of US Dollar in international trade declined to 28.7 percent, he added.</p>  
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 <h2 id="what-about-a-rel-noopener-noreferrer-nofollow-title-bitcoin-href-https-thebittimes-com-tag-bitcoin-html-bitcoin-a-and-crypto-dominance">What About <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> And Crypto Dominance</h2> 
 <p>With the adoption of the Central Bank Digital Currencies (CBDC) by various economies across the world, the mode of digital asset payments is continuing to rise in the international trade space. Hence, with the likes of <a rel="noopener noreferrer nofollow" title="Russia" href="https://thebittimes.com/tag/russia.html">Russia</a>, India, and China planning to bring in a new common currency, the role of crypto and <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> may also be considered, at least for future use. In the <a rel="noopener noreferrer nofollow" title="United States" href="https://thebittimes.com/tag/united-states.html">United States</a>, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> continues to gain institutional exposure with Blackrock and Fidelity among several companies exploring options to offer BTC based products.</p> 
 <p>At the same time, the US regulators are adamant against providing clear oversight rules on the crypto market, which could likely be due to concerns around dedollarization.</p> 
 <p>Also Read: <strong>Robert F Kennedy Jr Says <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Guarantees Civil Liberty</strong></p> 
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Russia's Putin Says US Dollar Losing Global Role; Bitcoin To Gain?

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