An international institution supporting central-bank cooperation, monetary and financial stability, research, and banking services for central banks.

A grouping of major emerging economies (Brazil, Russia, India, China, South Africa, and newer members) that discusses trade, development banks, and alternatives to dollar rails.

A proposed cross-border payment framework among BRICS members, discussed as a complement to SWIFT rather than a live global rail.

State limits on moving money across borders. Crypto is often used to route around them, with legal risk.

China's Cross-Border Interbank Payment System for yuan clearing.

The BRICS Contingent Reserve Arrangement, a swap-line style backstop, not a currency.

Efforts by some states to invoice trade, hold reserves, or settle payments outside the U.S. dollar.

The Bank of Russia's central-bank digital currency, with broader public availability through participating banks announced for September 1, 2026.

China's retail CBDC issued by the People's Bank of China, used for domestic payments and pilots.

The official name often used for the digital yuan wallet and payment system.

The central bank of the euro area, developing a digital euro and supervising euro stablecoin issues under MiCA with national authorities.

The G20-linked body that coordinates financial-regulation standards, including crypto-asset and stablecoin recommendations.

The group of large economies that sets high-level financial-stability and FATF-aligned crypto agendas.

The International Monetary Fund. It advises members on monetary policy and has published extensively on crypto and CBDCs.

The BRICS development bank, sometimes discussed alongside BRICS payment plans.

China's central bank and the issuer of the digital yuan.

The postwar habit of invoicing oil in dollars, the backdrop for petroyuan and de-dollarization talk.

The idea of invoicing oil in yuan instead of dollars. A geopolitical narrative more than a single product.

Brazil's instant-payment system, often cited in BRICS and CBDC conversations as a public rail.

A BIS-led exploration of cross-border payments using tokenized commercial-bank deposits and central-bank money on a shared programmable platform.

A BIS Innovation Hub experiment on a shared platform for cross-border settlement using multiple central-bank digital currencies.

A multi-CBDC cross-border payment project developed with central-bank partners; the BIS announced its handover to those partners in October 2024.

U.S. penalties on third-country firms that deal with a primary sanctioned party, a key SWIFT-risk topic.

Russia's domestic SWIFT alternative for bank messages.

India's Unified Payments Interface, a public instant-payment rail used at national scale.