BIS partners with central banks to streamline cross-border transactions by embedding real-time compliance checks into both traditional and digital systems.
Project Mandala automates regulatory compliance in cross-border payments using zero-knowledge proofs, ensuring privacy while maintaining regulatory standards.
The Bank for International Settlements (BIS), in partnership with the central banks of Singapore, Australia, South Korea, and Malaysia, is developing global payment systems through the Project Mandala project.
This project marks a major advance in cross-border transaction efficiency by directly including regulatory compliance into the transaction flow.
Different regulatory systems among nations have historically presented major obstacles to smooth international payments, leading to longer transaction times and more compliance load. Mandala wants to reverse that, though, by including automated compliance tools right into the system itself.
Mandala Leverages ZK-Proofs for Enhanc

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