BRICS Countries Taking the Lead: Russia and China Set to Surpass U.S. in Crypto Adoption

• The two countries have become an unstoppable duo in the crypto world.
• The partnership is expected to reshape the global economy.

The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following that, the BRICS countries of Russia and China set to surpass the U.S. in crypto adoption.

According to the report, Russia and China have joined hands to surpass the United States in crypto adoption. The two countries have become an unstoppable duo in the crypto world. While the SEC struggles to make up clarity about the crypto regulations, the move by Russia and China to increase crypto adoption expected to realize the immense potential of crypto.

Russia and China’s Collaborative Efforts

The two countries are capitalizing on the shifting regulatory landscape to position themselves at the forefront of the crypto revolution. Moreover, with the two superpowers set to support crypto, the world expected to witness an epic shift in the financial landscape. 

Russia has continuously worked on the development of crypto adoption. Recently, the country has been in talks with Iran, signaling a new era of crypto-enabled trade. This is to create a way for seamless financial transactions.

Following that, Russia joined with China to surpass the U.S. in crypto adoption. 
As China and Russia improve innovation, the U.S. risks falling behind. This may affect the dollar’s dominance. The two countries are strategically positioning themselves to lead the crypto race. Moreover, the partnership expected to reshape the global economy.