Derived from CoinPaper, China has revised the operating rules of its Cross-Border Interbank Payment System (CIPS), introducing a mixed settlement structure to take effect before 2026. The new framework mandates real-time gross settlement for individual cross-border renminbi payments and timed net settlement for batch transactions, separating payment tracks to reduce settlement risk and improve liquidity efficiency. The CIPS operator is also granted flexibility to adjust netting frequency and settlement windows based on transaction volumes and market conditions. The changes formalize existing practices and align the system with global payment standards as the international use of the yuan expands.
China Updates CIPS Rules to Implement Mixed Settlement Structure by 2026
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Summary
China has updated CIPS rules to implement a mixed settlement structure by 2026, as reported by CoinPaper. The new framework separates real-time gross settlement for individual payments and timed net settlement for batches, reducing risk and improving liquidity. The system allows the CIPS operator to adjust netting frequency and settlement windows based on transaction volumes. These changes align with global standards and support the yuan’s growing international use. Traders tracking altcoins to watch may note the shift, while the fear and greed index remains a key barometer for market sentiment.
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