BRICS: India pushes to link central-bank digital currencies for cross-border payments

India plans to bring a proposal to the September 12–13 BRICS summit to link central-bank digital currencies issued by member countries, with the stated goal of making cross-border payments more efficient. Reuters reported the plan, citing people familiar with the discussions. The proposal concerns CBDCs—official digital currencies issued or backed by central banks—not decentralized cryptocurrencies such as Bitcoin. Linking national systems could improve interoperability, but major technical and political obstacles remain and there is no guarantee the project will be implemented. According to the cited sources, the goal is to facilitate trade and international transfers, not to create a common BRICS currency or replace the U.S. dollar as a reserve currency. For Crypto Mentor, the key point is the growing experimentation with digital technology inside institutional monetary infrastructure. Source: Reuters, September 10, 2026. Educational content only; not financial advice.