BRICS is developing a gold-backed digital “Unit” explicitly designed for cross-border trade. The goal is to reduce dependence on the U.S. dollar, strengthen trade sovereignty, and simplify settlements ...

Four commercial banks in Georgia are reportedly preparing to join China’s Cross-Border Interbank Payment System (CIPS), an international payment network ...

The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated dozens of Russian banks including Gazprombank and issued an alert warning foreign financial institutions of the ...

Western sanctions aimed at blocking Russian access to the SWIFT system of international payments are unlikely to affect the China-Russia energy trade and could accelerate the pair's attempts to ...

Ripple is done fighting the SEC, meaning it can focus on its original goal: challenging SWIFT, the world’s money transfer system. Ripple has finally finished its legal battle against the US Securities ...

Three banks have been added to the transaction ban due to their use of the Russian alternative to the SWIFT system (SPFS), and 13 Russian financial institutions will be subject to the ban on providing ...