{"id":416760,"date":"2026-01-19T14:13:09","date_gmt":"2026-01-19T14:13:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/416760\/"},"modified":"2026-01-19T14:13:09","modified_gmt":"2026-01-19T14:13:09","slug":"india-central-bank-suggests-brics-cbdc-link-up-as-members-look-beyond-dollar-rails","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/416760\/","title":{"rendered":"India Central Bank Suggests BRICS CBDC Link-Up As Members Look Beyond Dollar Rails"},"content":{"rendered":"\n

India\u2019s<\/a> central bank wants BRICS members to connect their official digital currencies, aiming to make cross-border trade and tourism payments easier as geopolitics harden and more countries look for rails that rely less on the US dollar.<\/p>\n

Reuters reported Monday the Reserve Bank of India (RBI) has recommended that the government place a CBDC connectivity proposal on the agenda for the 2026 BRICS summit, which India is set to host.<\/p>\n

If New Delhi signs off, the idea would reach the BRICS table as a formal proposal for the first time.<\/p>\n

For crypto markets, the pitch lands in a familiar spot. Payments infrastructure has become a strategic battleground, and tokenized money, whether state-issued CBDCs or privately issued stablecoins, now sits at the centre of the debate over speed, cost and control.<\/p>\n

The plan could still draw heat from Washington. US President Donald Trump has earlier called the bloc \u201canti-American\u201d and has threatened tariffs on BRICS members, according to the Reuters report.<\/p>\n

The RBI\u2019s move builds on language from the 2025 BRICS Rio de Janeiro declaration, which backed greater interoperability between members\u2019 payment systems to make cross-border transactions more efficient.<\/p>\n

India\u2019s central bank has also publicly signalled interest in linking the digital rupee with other CBDCs, presenting it as a way to speed up cross-border payments and expand the rupee\u2019s usage, according to the report. It has stressed that its push to expand the rupee\u2019s global use is not intended to drive de-dollarisation.<\/p>\n

BRICS still has groundwork to cover before any bridge goes live. None of the core members, Brazil, Russia, India, China and South Africa, has fully launched a CBDC, and each is still running pilots. India\u2019s e-rupee pilot has reached about 7M retail users since Dec. 2022.<\/p>\n

Execution also hinges on hard choices that crypto builders will recognize, shared technical standards, governance rules and a mechanism to settle trade imbalances that can build up when one side exports more than it imports.<\/p>\n

One option under discussion reportedly involves bilateral foreign exchange swap arrangements between central banks.<\/p>\n

That imbalance problem is not theoretical. Reuters noted that earlier attempts by Russia and India to expand local-currency trade ran into complications after Russia accumulated large rupee balances with limited ways to use them, leading the RBI to allow investment of those balances in local bonds.<\/p>\n

Even so, India continues to frame its CBDC push as a regulated alternative to the private stablecoin boom, and the RBI has warned that widespread stablecoin use can threaten financial stability<\/a> and trust in money.<\/p>\n

Read original story India Central Bank Suggests BRICS CBDC Link-Up As Members Look Beyond Dollar Rails<\/a> by Shalini Nagarajan<\/a> at Cryptonews.com<\/p>\n","protected":false},"excerpt":{"rendered":"India\u2019s central bank wants BRICS members to connect their official digital currencies, aiming to make cross-border trade and…\n","protected":false},"author":2,"featured_media":416761,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[2070,28,199442,101,2344,47880],"class_list":["post-416760","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-brics","tag-business","tag-cbdc","tag-economy","tag-india","tag-reserve-bank-of-india"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/416760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=416760"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/416760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/416761"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=416760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=416760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=416760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}