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Russian President Vladimir Putin has announced that the BRICS countries are planning to use digital currencies for investment purposes. This initiative aims to strengthen economic ties among Brazil, Russia, India, China, and South Africa, potentially challenging the dominance of the US dollar in global finance. The move includes discussions on developing a financial system independent of traditional infrastructures like SWIFT, possibly as a response to international sanctions. Putin emphasized the need for careful planning, referencing the European Union's experience with the euro. This development could expand to include new BRICS members like the UAE and Saudi Arabia, marking a significant step towards financial innovation and stability through cryptocurrencies.