The Hong Kong Securities and Futures Commission (SFC) and the UAE Capital Markets Authority (UAE) signed a Memorandum of Understanding to strengthen cross-border digital asset cooperation and create a new milestone.

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.