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BTCC / BTCC Square / Global Cryptocurrency /
India Proposes Linking BRICS Digital Currencies to Ease Cross-Border Payments

India Proposes Linking BRICS Digital Currencies to Ease Cross-Border Payments

Author:
Global Cryptocurrency
Published:
2026-01-19 21:54:02
20
3
BTCCSquare news:

The Reserve Bank of India has put forward a proposal to LINK BRICS central bank digital currencies, aiming to streamline cross-border transactions. This initiative, set for discussion at the 2026 BRICS summit, builds on prior commitments to enhance payment system interoperability among member nations.

India's push for CBDC integration reflects broader efforts to reduce reliance on traditional settlement systems amid rising geopolitical tensions. The MOVE follows the Rio Declaration's mandate to explore efficient payment pathways, though officials emphasize the goal is transactional efficiency rather than deliberate de-dollarization.

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