UBS to launch simplified compliance Ethereum platform

The Swiss banking giant, UBS is set to launch an Ethereum platform with simplified compliance. The bank with the aid of Barclays, Credit Suisse, KBC, SIX and Thomson Reuters initiated a project to make banks reconcile wide range of data at ease. In encouraging regulatory change, Markets in Financial Instruments Directive (MiFID) II, is set to go live from January,3, 2018 whose codes should be used by all eligible legal entities.

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