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ISO 20022

Definition ∞ ISO 20022 is an international standard for electronic data interchange between financial institutions. It provides a common platform for developing messages using a standardized methodology, dictionary, and XML-based syntax. This standard aims to improve the efficiency and automation of financial communications globally, covering payments, securities, trade services, and card transactions. Its adoption facilitates richer data content and enhanced straight-through processing.
Context ∞ In crypto news, ISO 20022 is often discussed in the context of integrating traditional finance with digital asset systems. Reports frequently examine how blockchain-based payment networks and stablecoins might leverage this standard for improved data exchange and regulatory reporting. The standard’s role in promoting greater interoperability and compliance within a hybrid financial ecosystem is a recurring theme.

A sleek, metallic hardware wallet or secure element displays glowing blue digital data, representing cryptographic operations. The device features a prominent U-shaped frame with an integrated button, suggesting biometric authentication or transaction confirmation. Its robust design implies tamper-proof cold storage for private keys and seed phrases, essential for decentralized ledger security. This advanced module facilitates secure digital asset management and immutable record keeping, crucial for blockchain integrity and distributed consensus.

→Proliferation Financing

→Cross-Border Transfers

→Originator Beneficiary Data

FATF Revises Travel Rule Mandating Global Fraud and Proliferation Controls

VASPs must immediately integrate Confirmation of Payee and ISO 20022 standards to meet the Travel Rule's expanded fraud and proliferation financing objectives.