Project Mandala aims to streamline compliance procedures, enable real-time transaction monitoring, and enhance transparency and visibility regarding country-specific policies.
The project investigates the viability of encoding policy and regulatory prerequisites into a standardized protocol.
This collaborative initiative involves the BIS Innovation Hub (BISIH) Singapore Centre, the Reserve Bank of Australia (RBA), the Bank of Korea (BOK), the Bank Negara Malaysia (BNM), and the Monetary Authority of Singapore (MAS), in conjunction with various financial institutions.
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