Mon. AM Seeds of Wisdom Crypto Update(s) 10-28-24

BIS PROJECT DEMONSTRATES AUTOMATED CROSS-BORDER TRANSACTION COMPLIANCE’,. Project Mandala uses zero-knowledge proofs to complete compliance checks across different jurisdictions. The Bank for International Settlements (BIS) and its central bank partners have shown through Project Mandala that regulatory compliance can be embedded into cross-border transaction protocols. The project is a collaboration involving central banks worldwide, including 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). On Oct. 28, the BIS updated its page for Project Mandala, highlighting that the project has reached its proof-of-concept stage….