BRICS: Announced BRICS Multilateral Agreement on a Digital Settlement and Payment Platform
Description
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…
Scope
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central government