Monetary Authority of Singapore: Agreed to prioritize cooperation with the UK in the regulation of crypto assets and stablecoins

ChainCatcher news, according to Lianhe Zaobao, the Monetary Authority of Singapore and the UK Treasury issued a joint statement today agreeing to prioritize further cooperation in areas such as crypto assets.

Both countries shared their latest assessments on market development, opportunities, trends, and long-term expectations for the crypto asset industry, as well as risks and challenges related to financial stability and regulatory arbitrage. They have made significant progress in strengthening consumer protection regulations and stablecoin oversight, and have reached a strong consensus on the necessity of supporting the secure development of the digital asset ecosystem, while ensuring that the risks associated with digital assets are continuously managed. (Source link)