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India Favors Central Bank Digital Currencies for BRICS Payments

Key Points

India will push BRICS nations to expand the use of central bank-backed digital currencies for cross-border payments, while stopping short of supporting a unified payments network that could be seen as a challenge to the dollar, according to people familiar with the matter.

India will push BRICS nations to expand the use of central bank-backed digital currencies for cross-border payments, while stopping short of supporting a unified payments network that could be seen as a challenge to the dollar, according to people familiar with the matter.
India Favors Central Bank Digital Currencies (ORG) BRICS (LOCATION) India (LOCATION) BRICS nations (ORG)
Originally published by Bloomberg Technology Read original →