US Treasury warns against using all cross-border payment systems that don’t align with its standards

The U.S. Treasury is taking a hard line on cross-border payment systems that stray from its standards. Brent Neiman, Assistant Secretary for International Finance, laid it out clearly: any system failing to meet U.S. expectations could destabilize global markets and hurt economic security. This statement comes as countries, specifically those in the BRICS+ alliance move

Source: Cryptopolitan