The Monetary Authority of Singapore (MAS) announced on October 30 that it has partnered with authorities in Japan, Switzerland, and the United Kingdom to foster digital asset innovation and adoption. Indeed, the MAS, in its statement, said it will work hand in hand with the Finan...
- The Monetary Authority of Singapore (MAS) announced it has partnered with regulators in Japan, Switzerland, and the UK.
- The MAS said the policymaker group will work to advance digital asset innovation and regulation discussions.
- The regulator said the partnership is necessary as its digital asset pilot programs grow in scale and sophistication.
The Monetary Authority of Singapore (MAS) announced on October 30 that it has partnered with authorities in Japan, Switzerland, and the United Kingdom to foster digital asset innovation and adoption.
Indeed, the MAS, in its statement, said it will work hand in hand with the Financial Services Agency (FSA) of Japan, the Swiss Financial Market Supervisory Authority (FINMA), and the United Kingdom’s Financial Conduct Authority (FCA). Per the announcement, the bodies will advance discussions around digital asset growth, risks, and regulation.
The MAS said the partnership would help it advance pilot programs for digital assets in asset management, foreign exchange, and fixed-income products. The Singapore regulator said it has partnered with 15 institutions to carry out these pilot programs under its project Guardian…
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