Nearly 20 Nations Aspire for BRICS Membership, SA President Ramaphosa Says
The good news is that the leaders of the five BRICS members are set to discuss expanding the group at their upcoming summit in August. But here’s the even better news: almost 20 other countries are eager to join the BRICS family! South Africa’s President Cyril Ramaphosa spilled the beans during an interview with SABC radio. So, what does this mean for you, my crypto-savvy reader? Let’s break it down:
1. BRICS expansion: The summit will explore the possibility of adding more countries to the BRICS group. This could lead to new opportunities and collaborations in the crypto world.
2. Formal applications: 13 nations have already submitted formal applications to join BRICS, while 6 others have expressed interest. This shows the growing popularity and relevance of the group.
3. Potential new members: According to reports, the five countries likely to be inducted into BRICS are Saudi Arabia, the United Arab Emirates, Indonesia, Egypt, and Argentina. These countries could bring fresh perspectives and resources to the table.
4. Summit details: The BRICS summit will be hosted and chaired by Cyril Ramaphosa in Johannesburg. It’s a chance for leaders from all member states to come together and discuss important issues, including crypto-related matters.
5. Putin’s attendance: There’s some uncertainty regarding Russian President Vladimir Putin’s attendance due to an ICC indictment and other complications. However, Ramaphosa remains committed to holding an in-person meeting and has invited the leaders of the other member states.
In conclusion, the BRICS expansion opens up exciting possibilities for the crypto community. With new members joining the group, we can expect increased cooperation and innovation in the world of cryptocurrencies. So, keep an eye out for updates from the summit and get ready for some exciting developments!
Source: Bitcoin.com
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