- Is iEthereum ISO20022 Compliant?
Is iEthereum ISO20022 Compliant?
What the new banking regulatory ISO20022 means for iEthereum
One of the concerns I have had with iEthereum is whether it is going to be compliant with the new banking ISO20022 regulatory structure.
Institutional migration towards this new standard has already began and will continue through 2025 and beyond. This is not coincidence to the many wars we have been dealing with currently and within these past few years. Wars are won and lost and set outcomes are not guaranteed. The winners write the history (His Story) books.
This particular discussion is above my paygrade. What I do know is that we have access to these published compliance measures and what is intended to be the desired regulatory banking outcome.
Many cryptocurrencies such as Ripple (XRP), Proton (XPR), Stellar Lumens (XLM), Xin Fin (XDC), Hedera (Hbar), Quant (QNT), and Algorand (ALGO) are already compliant, or marketing as such, with the new ISO20022 standards. Just to name a few.
What about truly decentralized open source crypto projects such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC) Hex (HEX), Infinite (IFC) and in this particular case iEthereum (iEth)? Are they ISO2002 compliant?
I had the same questions. I decided to ask ChatGPT to get the answers for you and I.
Please note that iEthereum is an ERC20 token, thus the questions asked are in general terms for ERC20 tokens. This allowed us to get better answers that serve our inquisition regarding iEthereum.
IEAT: Are ERC20 tokens, ie iEthereum compliant with the ISO20022 requirements?
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