clacke@sun Very little is said in the links about what the settlement system actually is, but it does say this:
Beyond speed, the digital RMB’s built-in compliance tools are drawing global attention. Its blockchain architecture enforces anti-money laundering protocols automatically, reducing fraud risks while maintaining traceability. [ . . . ]Analysts describe the system as a turn point in international settlement system, where blockchain efficiency will challenges the sluggish, costly mechanisms of traditional banking. [ . . . ] China has effectively weaponized blockchain technology to challenge SWIFT and dollar dominance.
The dramatic reduction in transaction times and costs, combined with programmable compliance features and integration into strategic infrastructure like the Belt and Road, presents a credible and scalable alternative to the traditional financial system.
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