The Hong Kong Securities and Futures Commission (SFC) and the United Arab Emirates signed a Memorandum of Understanding to enhance cross-border digital asset cooperation.

News Brief

On January 27th, Hong Kong's Securities and Futures Commission and the UAE's Capital Markets Authority signed what many consider a groundbreaking Memorandum of Understanding aimed at boosting cross-border regulatory cooperation on digital assets. Notably, this represents the SFC's first-ever agreement with a foreign regulator specifically targeting digital asset oversight. The MOU establishes a framework for enhanced collaboration, thereby enabling both parties to consult and exchange information regarding cross-border digital asset entities. Overall, this clearly demonstrates the SFC's commitment to forging international partnerships as outlined in its ASPIRe roadmap.

PANews reported on January 27 that the Hong Kong Securities and Futures Commission (SFC) and the Capital Markets Authority of the United Arab Emirates (UAE) signed a Memorandum of Understanding (MOU) today to strengthen cross-border regulatory cooperation on matters related to digital assets. This landmark MOU is the first agreement signed between the SFC and an overseas regulatory body on regulatory cooperation regarding regulated digital asset entities. The MOU establishes a framework for enhanced regulatory cooperation, including mutual consultation and information exchange on the regulation of cross-border regulated digital asset entities, fully demonstrating the SFC's commitment to promoting international cooperation in accordance with its ASPIRe roadmap.