The Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on developing a blockchain KYC platform. Pakistan Banks’ Association to Develop Country’s First Blockchain eKYC Platform On March 2, the PBA signed the project contract to develop Pakistan’s first blockchain-based national eKYC banking platform. The move aims to strengthen Anti-Money Laundering capabilities while countering terror financing — an initiative led by the State Bank of Pakistan (SBP). The member banks include international establishments such as the Industrial and Commercial Bank of China, Citibank, and Deutsche Bank. Moreover, the blockchain platform will improve operational The post Pakistan Banks’ Association to Develop A Blockchain-Based KYC Platform appeared first on Cryptoknowmics-Crypto News and Media Platform .
