Rather than creating a common currency, the BRICS+ bet on blockchain to streamline their transactions and reduce their dependence on the dollar. An initiative that could redraw world trade … and that does not please Donald Trump.
Towards faster and less expensive payments between the BRICS+
Brazil, as part of its presidency of the BRICS+ group in 2025, proposes to use Blockchain technology to simplify commercial transactions between the groups of the group, instead of creating a new common currency.
The idea is to improve the efficiency of cross -border payments and reduce trade costs between group memberswhich now include countries like Saudi Arabia, Egypt and Indonesia, in addition to the 5 founding members (Brazil, Russia, India, China, South Africa).
This project is not intended to replace the dollar in international exchanges, as had been envisaged by ex-president Dilma Rousseff, but to develop a faster, secure and less expensive system for payments.
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The Brazilian government stresses that the objective is not to challenge the dollar or to cause the United States to delay the threats of Donald Trump, who warned that customs prices could be imposed if BRICS+ members decided to move away from the dollar.
In the same line, Brazil also works with its central bank to test solutions like DREX, a digital version of the Réal, in order to facilitate cross -border payments. This project is part of a desire to reform the global financial system to better meet the needs of developing countries.
Discussions on this subject could lead to consensus at the BRICS summit in July 2025 in Rio, where the objective will be to find a solution ” acceptable For the United States.
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Brazil opens the way and wishes to authorize the payment of wages in cryptocurrencies
Brazil seems to be positioning itself as a leader in the sector since after having initiated a BTC strategic reserve, it offers a new bill allowing the regulation of bitcoin wage payments and other cryptocurrencies.
Posed on March 12, the PL 957/2025 law authorizes voluntary and partial payments in Bitcoin and other cryptocurrencies. To ensure transparency and consistency with Brazilian financial regulations, the bill stipulates that the conversion of wages to cryptocurrencies must follow the official exchange rate. This rate will be determined by an institute approved by the Central Bank of Brazil, in order to prevent speculation and ensure equity in transactions.
The bill presented by Luiz Philippe de Orleans e Bragança, federal assistant and descendant of the Brazilian royal family, establishes a maximum limit of 50 % on payment in cryptocurrencies.
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Thus, workers will not be able to receive all of their wages in digital assets. The exclusive use of cryptocurrencies for wage payments will be prohibited, with the exception of certain categories of workers.
Concretely, the payment will allow total payment in cryptos only for foreign and expatriate workers, as well as for independent service providers, provided that the contract expressly stipulates this option. This provision aims to protect the purchasing power of workers by maintaining part of their salary in a stable and nationally recognized currency.
The regulations are still under discussion and could evolve before their final approval. Although the volatility of cryptos is less problematic in a country where local currency constantly deviates, this law could create new inequalities if it is not well supervised, or fail to attract foreign investors.
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Sources: bill; O Globo
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