CoinVoice's latest update indicates that recently, during the 16th meeting of BRICS leaders held in Kazan, Russia, information about the joint launch of a decentralized multilateral cross-border payment system - BRICS Pay - spread online, claiming a pilot program was initiated in China. Searching for 'BRICS Pay' even yields seemingly legitimate 'official websites' in both English and Chinese.
However, Caixin's inquiry found that the multiple authoritative media reports claimed by the 'official website' actually only circulated in some self-media articles, with unclear sources. News about BRICS Pay overseas also appeared on cryptocurrency news websites such as Bitcoin.com.news, Cointelegraph, and CCN (Chinese Community Network), rather than being reported by official media.
Caixin learned from relevant departments that China's monetary authorities are not aware of the so-called 'BRICS Pay', have not participated in it, and there is no claim that a pilot program has been launched in China. The latest information about 'BRICS Pay' circulating through informal channels is more of a false update disseminated by the cryptocurrency community to hype a certain cryptocurrency, and the so-called 'official website' is a fraudulent 'rogue site'. [Original link]