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First Mover Asia: China’s Potential SWIFT Competitor CIPS Won't Help Russia Much; Bitcoin, Ether Rise Again

The Chinese system has just 75 members and processes only a fraction of the transactions that SWIFT handles.

Updated May 11, 2023, 4:44 p.m. Published Mar 2, 2022, 12:12 a.m.
Kyiv. (Photo by Chris McGrath/Getty Images)
Kyiv. (Photo by Chris McGrath/Getty Images)