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BOK, BIS, other central banks seek to launch cross-border transaction project

South Korea's central bank said Friday that, along with the Bank for International Settlements and other central banks, it will launch a project together to automate compliance procedures and offer real-time monitoring in cross-border transactions. In a statement, the Bank of Korea said BIS Innovation Hub Singapore Centre, Reserve Bank of Australia, the BOK, Bank Negara Malaysia and Monetary Authority of Singapo...
South Korea Innovation Hub Singapore Centre Bank Negara Malaysia Monetary Authority Of Singapor International Settlements Hub Singapore Centre

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BIS explores encoding location-specific policy into protocol for cross-border use cases

The Bank for International Settlements (BIS) and its central bank partners have launched a project which explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases.
South Korea Singapore Centre International Settlements Bank Negara Malaysia Monetary Authority Of Singapore Project Mandala

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