Why Western media are very quiet about this?

TLDR:
- This new system is going to bypass SWIFT
- Handling fee will drop by 98% compared to SWIFT
- <10 secs clearing speed vs. 3 to 5 days for SWIFT
- Transactions are TRACEABLE unlike cryptocurrency so cannot do money laundering
- 38% of world trade volume can be settled using this cross-border system, will potentially de-value US dollar!

Anwar kena DA GE game

remember 2 years back he propose Asian Monetary Fund to DA GE?

Now DA GE stole the idea he become house pulak

Bang upcar

KESIAN

i have this fantasy that ayam become PM11 and overhaul education from kindergarden to uni. Also, I force all type M kids to learn Mandarin.

20 Years later Malaysia become Asia superpower


#inhale weed

Lel
After 3rd month any countries tried bypass swift will auto 100% tariff

Kesian XRP, kena dump

LoL

PM paling cepat digulingkan speedrun

Data shows that the cross-border RMB settlement volume of ASEAN countries exceeded 5.8 trillion yuan in 2024, an increase of 120% over 2021. Six countries including Malaysia and Singapore have included RMB in their foreign exchange reserves, and Thailand has completed the first oil settlement with digital RMB. This wave of "de-dollarization" made the Bank for International Settlements exclaim: "China is defining the rules of the game in the era of digital currency."

CCP cannot trust

All in.. u dont later say cannot withdrawal. Will fuk 9 u 9 generations

It's not crypto for you to goreng la dei. Just to pay mani to pipu in other country oni.

After Russia fiasco with Swift, who dare 100% rely on that system?

people use crypto for a very specific reason

If buy from China, no issue with using RMB but not many takers will accept RMB for sellers outside China since USD is still the global currency unless you only trade with PRC companies.

but you still need to trade in USD right?

All in la.. dollar will lose it's value. Rmb go to the moon...

It's a good thing. Just hope it's not just hot air like BRICS

So what is the name of SWIFT competitor?

together with BRICS, these settlement systems will make guesswork of each country’s total dealings… it’s good because no one knows how much is traded..

How many times say liao, as long as china don't let their currency free float and have an I dependant central bank, thet eis no way for it to be the reserve currency.

Nobody wants to wake up one day and find out that xjp sohai simply ban people from taking out their money.