BRICS: BRICS Multilateral Agreement on a Digital Settlement and Payment Platform
Progress
Current status
under deliberation
28 Feb 2024 under deliberation
Scope
Implementers
Brazil
China
India
Russia
South Africa
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
bi- or plurilateral agreement
Timeline of events
Announced BRICS Multilateral Agreement on a Digital Settlement and Payment Platform
On 28 February 2024, the finance ministers and central bank governors of the BRICS countries announced their intention to develop the multilateral digital settlement and payment platform “BRICS Bridge”, with the aim to improving the international mo…
SourceEvent type
declaration
Action type
announcement
Government branch
executive
Government body
central government