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The proposal would place CBDC interoperability on the BRICS agenda, though talks remain early and depend on consensus over technology and governance.
Proposal for CBDC connectivity could feature at 2026 BRICS summit, reduce reliance on the US dollar as geopolitical tensions rise
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform.
The China-backed cross-border payments platform Project mBridge is reportedly set to erode the dominance of the dollar in some corridors, sectors and use cases. The platform has processed 4,047 transactions with a total transaction volume of $55.49 billion as…
India’s top court has ruled that tax is due on the sale of equity in a Singapore holding company of Flipkart by the Mauritius units of Tiger Global. This is awkward, since those shares were acquired before an exemption-granting treaty was amended, and s…
The China-backed cross-border payments platform Project mBridge is reportedly set to erode the dominance of the dollar in some corridors, sectors and use cases. The platform has processed 3.48 billion transactions with a total transaction volume of $55.49 bil…
Pakistan has partnered with a company affiliated with Trump-linked World Liberty Financial (WLFI) to explore innovation in digital finance and the use of stablecoins for cross-border transactions. Related Reading: Bitwise CIO Defends Bitcoin In 401(k)s Amid S…
Central Bank Digital Currencies (CBDCs) are centralized, government-controlled digital money tied to IDs, allowing real-time surveillance, spending restrictions and account freezes based on political or social compliance. Examples include China’s digital yuan…
The oligarchy that really controls the Empire of Chaos has hit the panic button, as the structural contours of Hegemony seriously wobble.
Companies would be limited to investing up to 5% of their equity capital. Only top market cap tokens on major regulated exchanges would be eligible. Stablecoin inclusion remains under regulatory discussion. South Korea is preparing to reopen its digital asset…
Seventy economists and policy experts have signed an open letter urging Members of the European Parliament to support a digital euro designed as a public payment option that complements cash.
South Korea’s FSC reportedly shared guidelines allowing listed companies to invest up to 5% of equity in the top 20 cryptocurrencies, ending a 2017 ban.
For years, stablecoins have been crypto’s most useful invention and its most awkward dinner guest. Useful because they turn blockchains into 24/7 dollar rails, and awkward because while the promise is simple, securing trust rarely is. A digital token worth ex…
Digital Rupee (e₹), Central Bank Digital Currency (CBDC) are excluded from the scope of these guidelines as it represents a digital form of sovereign fiat currency.
AI Job Takeover: AI will replace 50% of white-collar jobs (coding, customer service, insurance, management) within 3 years, outperforming humans in speed, cost, and accuracy—leading to mass unemployment and economic destabilization. Globalist Depopulation Age…