UBS and Nethermind Demonstrate Ethereum Can Meet Banking Compliance Requirements
Summary
UBS and Nethermind have successfully completed two proofs of concept demonstrating that the public Ethereum network can meet the operational and compliance requirements of regulated financial institutions. The tests showed that banks can implement strong compliance checks through systems built on top of Ethereum without altering the underlying protocol, preserving the network's openness and neutrality. This marks a significant step toward making Ethereum infrastructure accessible to heavily regulated financial organizations.
Source
Twitter / XUBS and Nethermind Demonstrate Ethereum Can Meet Banking Compliance Requirementsubs.comKey quotes
· 3 pulledThis represents an important step toward making Ethereum infrastructure more accessible to heavily regulated financial organizations.
The tests showed that banks can apply strong compliance checks through the systems they run on top of Ethereum, without changing how Ethereum itself works.
This approach keeps the network open and neutral, and ensures the solution...
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