The Bank for International Settlements (BIS) and its central bank partners demonstrate that policy compliance can be integrated into cross-border transactions with Project Mandala.
By Bank for International Settlements (BIS)
The project, a collaboration between the BIS Innovation Hub Singapore Centre, the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore (MAS), has reached the proof of concept stage. It addresses the significant challenges in maintaining compliance with disparate regulatory and policy frameworks across jurisdictions.
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