PANews reported on December 2 that according to Caixin, the recent news circulating on the Internet that the so-called "BRICS Pay" system will be piloted in China has been confirmed to be doubtful. Relevant departments stated that the Chinese monetary authorities were not aware of the existence of "BRICS Pay", nor did they participate in related projects, let alone launch a pilot plan.
It is reported that "BRICS Payment" claims to be a decentralized multilateral cross-border payment system jointly launched by the BRICS countries, and the English and Chinese versions of the "official website" have appeared on the Internet, which has attracted attention. Many industry insiders pointed out that this may be a false propaganda routine in the field of cryptocurrency, used to mislead the public to invest, and it should be treated with caution.
It was previously reported that Trump required BRICS countries to use the US dollar, otherwise they would face a 100% tariff and say goodbye to the US market .