[India Proposes Establishing a BRICS Digital Currency Interconnection System] According to Caixin, the Reserve Bank of India, as the rotating chair of the BRICS nations, has proposed the establishment of a 'BRICS Digital Currency Interconnection' system. The aim is to leverage blockchain technology to build a cross-border settlement network that bypasses the US dollar and directly connects the payment systems of BRICS countries. This system does not involve creating a new 'BRICS currency' but rather serves as an interconnected platform or settlement bridge based on a permissioned blockchain. Central banks of the respective countries will act as validation nodes, jointly maintaining a distributed ledger to record cross-border transactions.