The central bank of India has also indicated interest in associating the digital rupee with other CBDCs.
None of the core members of BRICS, which includes Brazil, Russia, India, China and South Africa, has completely rolled out a CBDC.
The central bank of India has plans for BRICS members to associate their official digital currencies, targeting to make cross-border trade and tourism payments swifter as geopolitics toughens and more countries seek rails that depend less on the US dollar.
On January 19, Reuters reported that the Reserve Bank of India (RBI) has suggested that the government position a CBDC connectivity proposal on the agenda for the 2026 BRICS summit, which India will be hosting.
Talking about crypto markets, the pitch comes in a familiar spot. Payments infrastructure is not a strategic battleground, and tokenised money, whether state-issued CBDCs or privately issued stablecoins, now stands at the core of the debate on the topic of speed, cost and c
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