3 ms·
The difference b/w SWIFT and CIPS is the recently discussed "freedom to transact". In China you're beholden to CCP. If they get "tired" you can be cut off and t
by gyre007 5y ago
The difference b/w SWIFT and CIPS is the recently discussed "freedom to transact". In China you're beholden to CCP. If they get "tired" you can be cut off and there is nothing you can do about. In the west you have somewhat functional legal system you can follow up with.