On August 11, 2026, RBI Governor Sanjay Malhotra confirmed that BRICS members are actively exploring links between their instant payment systems (FPS) and Central Bank Digital Currencies (CBDC). The goal is to cut costs and settlement times for cross-border retail and trade payments. Discussions remain exploratory; India, as 2026 chair, hosted the summit and pushed…
The information, factually confirmed by multi-source convergence (including the Financial Times of April 8, 2026), establishes that Iran now demands payments in cryptocurrencies (BTC, stablecoins) and in Yuan for oil transit through the Strait of Hormuz, completely bypassing SWIFT.
This mechanism, controlled by the IRGC, sets a rate of $1 per barrel, creating an…