Regulators unite to promote cryptocurrencies
Regulators from the financial markets of Singapore (MAS), Japan (FSA), Switzerland (FINMA), and the United Kingdom (FCA) have formed a partnership to promote the integration of digital assets across various financial sectors.
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Regulators from the financial markets of Singapore (MAS), Japan (FSA), Switzerland (FINMA), and the United Kingdom (FCA) have formed a partnership to promote the integration of digital assets across various financial sectors.
The primary objectives of this new regulatory alliance include:
- Establishing policy and legal frameworks for digital assets.
- Addressing critical disparities within financial systems that hinder the global development of decentralized technologies.
- Creating a platform for the exchange of information and expertise among regulators.
According to Leong Sing Chiong, Deputy Managing Director of MAS, this collaboration will enable regulators to gain a deeper understanding of the industry and set high standards for the advancement of digital assets.
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