Which Cryptos are ISO20022 compliant?

[thegoatiest]

Going to be important this, I have a hunch.

What do you guys think, is this an important FA to consider with crypto projects?
Also - which projects are ISO20022 compliant, I only know of a couple.

Thanks. TG

[vv181]

What do you guys think, is this an important FA to consider with crypto projects?

According to Wikipedia, ISO2022 is a standardization between/for financial institutions. So, it depends on what the cryptocurrencies did, bitcoin surely doesn't give a single care about that, in other words, it is completely against bitcoin's motive. There is absolutely no benefit for the bitcoin to be complied with.

Its different whereas some other altcoins rely on the financial institution for their own project, in that scenario surely that will have some benefits for themselves.

[tomahawk9]

Ripple https://cointelegraph.com/news/ripple-joins-iso-global-standards-body-on-cross-border-payments

XinFin (XDC) https://xinfin.org/ISO20022

also, Stellar, Iota and Algorand. Source

[JeromeTash]

What do you guys think, is this an important FA to consider with crypto projects?

It's not important, especially to true decentralized cryptocurrencies like Bitcoin.

What's the point of decentralization then if ISO20022 compliance is all people look for in a good cryptocurrency.

Also - which projects are ISO20022 compliant, I only know of a couple.

Thanks. TG

1. Ripple
2. Stellar
3. Cardano
4. Quant
5. Hedera Hashgraph
6. IOTA
7. Algorand

[serjent05]

What do you guys think, is this an important FA to consider with crypto projects?

It's not important, especially to true decentralized cryptocurrencies like Bitcoin.

What's the point of decentralization then if ISO20022 compliance is all people look for in a good cryptocurrency.

Possibly people are still looking for some ground for security, since scam is rampant in a decentralized environment, they are into seeking a more secure environment to invest their money.  It looks like only a few are ISO20022 compliant.  With that, I also wanted to list the benefits of being an ISO20022 benefit .
Anyone who doesn't know ISO20022 (including me  ) can refer to this explanation

WHAT IS ISO 20022
ISO 20022 is a multi part International Standard prepared by ISO Technical Committee TC68 Financial Services. It describes a common platform for the development of messages

Some of the most impactful benefits of ISO 20022 adoption include:
Increased interoperability by supporting non-Latin alphabets
Messages can be grouped based on data components from different payment methods
Messaging can be used for a wide array of purposes, including domestic payments, cross-border payments, high-value payments, ACH, and real-time payments.
Increased data quality and automation will lead to easier fraud detection methods
Less human actions and more automation could lead to increased accuracy

You can also refer to this site^[1]  for more information about ISO20022

[1] https://supraoracles.com/academy/what-is-iso-20022-and-how-will-it-impact-the-crypto-industry/

[crzy]

Also - which projects are ISO20022 compliant, I only know of a couple.

Thanks. TG

1. Ripple
2. Stellar
3. Cardano
4. Quant
5. Hedera Hashgraph
6. IOTA
7. Algorand

Didn’t know about this ISO standard but its good to see more altcoins getting into this accreditation to prove their legitimacy. I wonder why there’s still a problem with XRP while they are really complying with the regulations. Well, the purpose of this ISO requirements is to give assurance to companies who are planning to use the platform of a specific altcoins, this can be a big help to attract investors.

[serjent05]

Didn’t know about this ISO standard but its good to see more altcoins getting into this accreditation to prove their legitimacy. I wonder why there’s still a problem with XRP while they are really complying with the regulations. Well, the purpose of this ISO requirements is to give assurance to companies who are planning to use the platform of a specific altcoins, this can be a big help to attract investors.

The reason is that SEC thinks that Ripple conducted an illegal security offering and it is a different issue from being an ISO20022 compliant. Since as stated if declared security it needs to secure a license from the authority to conduct and established a company.  Though Ripple denies that allegation.

The famous Ripple v/s SEC lawsuit started in late 2020 with a complaint from SEC (Securities and Exchange Commission), that Ripple has conducted illegal security offering from one of the XRP digital assets. SEC lawsuit claims that XRP is known as a security in the cryptocurrency market and is not a cryptocurrency

[Tytanowy Janusz]

Going to be important this, I have a hunch.

What do you guys think, is this an important FA to consider with crypto projects?
Also - which projects are ISO20022 compliant, I only know of a couple.

Thanks. TG

Crypto is a place where promise is worth more than product.

So if you want to invest in ISO20022 compliant projects to profit on their pump during ISO20022 hype train ... its much better to chose good projects that does not have that, but fallow every hype train we already had in crypto (defi, nft etc.). Pump on "soon we will be ISO20022 compliant" will be much bigger than actually being ISO20022 compliant from the very begining.

1. Ripple
2. Stellar
3. Cardano
4. Quant
5. Hedera Hashgraph
6. IOTA
7. Algorand

Those are the best ISO20022 compliant projects. None of them are worth investing.

[Anonylz]

How is this relevant to any projects growth? Funny ripple is at the top list of ISO20022 complaints projects yet went through series of investigations of some shady stuff over the years. In as much as it is good to be security cautious regarding investment we can also agree that this has little or nothing to do with actual security of any project. But if this is going to be a thing i do want to see how it will help shape the crypto space for the better and eliminate fake projects growing rapidly.   

[JeromeTash]

Possibly people are still looking for some ground for security, since scam is rampant in a decentralized environment, they are into seeking a more secure environment to invest their money.  It looks like only a few are ISO20022 compliant. 

Unfortunately for them, some so-called compliant projects that they think are secure are actually not, and some have show fraudulent tendencies. Ripple is one of them. The other is IOTA. There's a thread about IOTA's fraud in one of the boards in this forum. I just can't seem to locate it right now.

To invest in one of the coins above, I would rather invest in Doge or even a joke token like SHIB

[icalical]

Going to be important this, I have a hunch.

What do you guys think, is this an important FA to consider with crypto projects?
Also - which projects are ISO20022 compliant, I only know of a couple.

Thanks. TG

First of all the main idea of crypto is decentralization and ISO standardization is the opposite of decentralization. One entity have a total control over which project is ideal or not is not really in line with Blockchain. And I believe most of people in crypto community actually care about ISO standard.

[cryptoperkele]

First of all the main idea of crypto is decentralization and ISO standardization is the opposite of decentralization. One entity have a total control over which project is ideal or not is not really in line with Blockchain. And I believe most of people in crypto community actually care about ISO standard.

As long as you are planning to convert some of it to fiat money at some point, your ideology doesn't matter and as long as you are buying ANYTHING expensive likee a car / houses / etc with it, you are going to dance their (regulators) tune. Even i you are not planning to sell and to hold, at some point you most likely need to kyc.

[Xal0lex]

I'm not sure that the success of altcoin projects depends on any standards. Crypto market has not matured enough for us to talk about some kind of standardization. There are still rigid laws of speculation and manipulation, so many of the fundamental factors of most altcoins are irrelevant to most investors. It's just a way to get rich.

[thegoatiest]

Thankyou all for your replies.

I love this forum - always real talk. I've seen people say non ISO20022 projects will fail come 2025..   but then you look at that list of compliant ones and it's not the best list.