The Monetary Authority of Singapore (MAS) issued an announcement that it has cooperated with the Japanese Financial Services Agency (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the British Financial Conduct Authority (FCA) to promote digital asset pilots for fixed income, foreign exchange, and asset management products. .
MAS has established a decision-making group composed of the FSA, FCA and FINMA to promote the development of common standards and regulatory frameworks to better support cross-border interoperability and the sustainable development of the digital asset ecosystem.