Singapore and Vietnam Sign Deal to Boost Digital Asset Regulation

The Monetary Authority of Singapore (MAS) and Vietnam’s State Securities Commission (SSC) person signed a Letter of Intent (LOI) to heighten collaboration successful superior markets regularisation and integer plus oversight.

The woody seeks to amended the integrity and stableness of some countries’ fiscal markets by providing for the sharing of accusation connected supervisory practices, regulatory systems, and anti-money laundering capabilities.

Singapore PM Singapore Welcome Vietnam’s To Lam, Source: X

The LOI aims to heighten Vietnam’s quality to heighten its regulatory model for integer assets and to promote person practice betwixt the 2 fiscal regulators.

This is successful summation to sharing acquisition connected supervisory mechanisms and coordinating with the wide strengthening of Singapore-Vietnam economical relations, pursuing the promotion of Singapore-Vietnam ties to a Comprehensive Strategic Partnership.

During an authoritative sojourn to Singapore, Vietnam’s General Secretary To Lam and Singapore Prime Minister Lawrence Wong witnessed the signing of the LOI.

Singapore’s Assistant Managing Director for Capital Markets Lim Tuang Lee stressed cross-border fiscal connectivity is crucial, and the collaboration reflects a communal determination for marketplace stability.

The statement supports transparent and equitable fiscal markets and represents a caller section successful Singapore-Vietnam economical cooperation, according to SSC Chairperson Vu Thi Chan Phuong.

This collaboration underscores some countries’ dedication to fostering a unafraid and robust fiscal environment, peculiarly successful the rapidly evolving integer plus sector.

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