The Monetary Authority of Singapore collaborates with regulatory agencies in Japan, Switzerland, and the United Kingdom to promote digital asset innovation

ChainCatcher news, the Monetary Authority of Singapore (MAS) stated that it has collaborated with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority of the United Kingdom (FCA) to advance pilot projects for digital assets in fixed income, foreign exchange, and asset management products.

MAS has established a decision-making group for Project Guardian, which consists of FSA, FCA, and FINMA (an industry collaboration initiative led by MAS), aimed at promoting discussions on the legal, policy, and accounting treatment of digital assets, as well as identifying potential risks in existing policies and legislation related to tokenization solutions.