India’s RBI Proposes BRICS CBDC Link for Cross-Border Payments
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Source: Cointelegraph | Original Published At: 2026-01-19 13:38:19 UTC
Key Points
- India's RBI proposed BRICS CBDC interoperability to facilitate cross-border payments for trade and tourism
- The initiative would be formally considered at the 2026 BRICS summit in India, marking first official CBDC discussion in the bloc
- Discussions remain preliminary, requiring consensus on technology, governance, and settlement arrangements
- Aligns with India's efforts to internationalize its e-rupee digital currency
- BRICS members reaffirmed no plans to replace US dollar despite payment system enhancements