Seeds of Wisdom RV and Economic Updates Thursday Evening 4-17-25
Good Evening Dinar Recaps,
OKX GOES LIVE IN THE US AFTER SETTING UP NEW HEADQUARTERS IN SAN JOSE, CALIFORNIA
The world’s sixth-largest crypto exchange by daily trading volume is now accessible to the American market.
In a statement, OKX says that it is accelerating its expansion in the US with the official launch of its centralized exchange and web3 wallet in the country.
The move enables existing OKcoin customers to migrate to the OKX platform, though new user registration won’t be available until later this year.
The Seychelles-based firm says the measured rollout will help ensure a secure onboarding process for customers.
OKX has also set up its headquarters in San Jose, California, and appointed former Barclays Investment Bank director Roshan Robert as the new US CEO as part of its US strategy.
Says Robert,
“This expansion in the United States is not only the expansion of the business map, but also a solemn commitment to ‘responsible growth’. In the face of the evolving regulatory environment, we are working closely with regulators and policymakers to ensure sound operation on a transparent and compliant basis.”
The exchange says it positions itself at the heart of Silicon Valley’s innovation system by setting up the new California headquarters.
“This strategic move strengthens OKX’s regional operations, enabling it to recruit top-tier talent, foster cutting-edge product development, and expand its presence in the world’s largest financial market.”
@ Newshounds News™
Source: The Daily Hodl
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BRICS EXPANSION: 44 COUNTRIES READY TO JOIN ALLIANCE IN 2025
BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus.
A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies.
44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025
Vietnam is the 44th country that has expressed interest in joining the alliance this month. China, Russia, and Iran are looking at BRICS expansion in 2025 while the other members are stepping back.
Russia and Iran are reeling under US sanctions making their economies remain under pressure and lose business deals.
Out of the 44 countries, 23 nations have formally submitted their applications while 21 have informally expressed interest to join.
On the other hand, China wants to use the bloc as a stepping stone to dismantle the US dollar’s dominance.
Therefore, BRICS expansion in 2025 will only help China, Russia, and Iran as more countries will join the de-dollarization bandwagon. The decision to add more countries will be decided in the upcoming summit in Rio De Janeiro.
“Vietnam consistently pursues its foreign policy of independence, self-reliance and multilateralization and diversification of international relations, and being a trusted friend and responsible member of the international community,” said Vietnam’s Foreign Ministry’s spokesperson about the country’s interest in being a part of the BRICS expansion in 2025.
@ Newshounds News™
Source: Watcher Guru
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