India to push BRICS CBDC link at summit
India plans to push for linking central bank digital currencies across BRICS nations at a summit this week. Officials note that political and technical hurdles may complicate the cross border payment initiative.
India will push to link central bank digital currencies across BRICS nations during a summit running from Thursday afternoon through Friday evening. The Reserve Bank of India proposed the cross-border trade initiative earlier this year. The bloc encompasses twelve member nations spanning multiple continents.
