Could a single cryptocurrency system be a BRICS alternative to bonds?
Could you elaborate on the potential for a single cryptocurrency system to serve as an alternative to bonds for the BRICS countries? How would such a system need to be structured and operated to ensure stability, liquidity, and trust? What are the key challenges and opportunities in establishing such a system, considering the diverse economic conditions and policies within the BRICS group? Furthermore, how would it compare to traditional bond markets in terms of risk, return, and accessibility for investors?