The UK and Singapore have reached a cooperation agreement to jointly develop and implement global cryptocurrency regulatory standards

ChainCatcher news, as part of its ongoing financial dialogue and partnership, the UK and Singapore have agreed to jointly develop and implement global regulatory standards for cryptocurrencies and digital assets. Both countries emphasized the necessity of these efforts as part of international standard-setting bodies such as the International Organization of Securities Commissions and the Financial Stability Board.

The UK and Singapore also agreed to continue dialogue and cooperation in the regulation of cryptocurrencies and digital assets, as well as in other areas such as sustainable finance, fintech, and innovation.