BIS and central banks demonstrate compliance in cross-border transactions with Mandala system

The Bank for International Settlements (BIS) and central banks from Singapore, Australia, South Korea and Malaysia have successfully demonstrated how regulatory compliance can be embedded in cross-border transactions using the decentralized Mandala system, according to Wu Blockchain on X. The system integrates with both emerging digital asset settlement platforms and traditional payment systems like SWIFT, enabling compliance verification without exposing customer data.