BIS, along with its central bank partners, has initiated Project Mandala. This project aims to investigate the possibility of incorporating jurisdiction-specific policy and regulatory requirements into a shared protocol. The primary objective of this initiative is to facilitate cross-border use cases, including foreign direct investment, borrowing, and payments. By creating a common protocol, BIS and its partners seek to streamline and simplify these processes, ensuring efficiency and compliance across different jurisdictions. This project holds the potential to enhance the ease of conducting cross-border transactions and promote economic growth and development.
HomeDIGITAL ASSETS REGULATORYsingapur_MASCollaboration Between BIS and Central Banks to Develop Protocols for Integrating Policy...