The Reserve Bank of India (RBI) is encouraging the Indian government to promote the use of central bank digital currencies (CBDCs) for cross-border payments among BRICS nations, according to recent media reports. The move reflects India’s growing interest in reshaping global payment systems, reducing transaction costs, and limiting over-dependence on…
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RBI Pushes BRICS Digital Currency for Easier Payments
India’s central bank has proposed a landmark initiative to link the digital currencies of BRICS nations, a move that could reshape cross-border trade and tourism payments while gradually reducing reliance on the US dollar. The proposal, recommended by the Reserve Bank of India (RBI), is expected to be placed on…
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India Tops Global Crypto Adoption in 2025, US Second
India has emerged as the global leader in cryptocurrency adoption in 2025, according to the sixth annual Chainalysis Global Crypto Adoption Index. The United States follows closely in second place, while countries in the Asia-Pacific (APAC) region, including Pakistan and Vietnam, are driving the fastest growth in crypto usage. India’s…