Japanese and Singaporean regulators join forces on crypto pilot project

1. Cross-border Payments Japanese and Singaporean regulators have agreed to cooperate on a cryptocurrency pilot project for cross-border payments. The project is intended to streamline and facilitate cross-border transactions using digital currencies and DLT (distributed ledger technology).

2. Regulatory Cooperation The collaboration between Japan's Financial Services Agency (FSA) and the Monetary Authority of Singapore (MAS) is aimed at improving regulation surrounding digital currencies and promoting innovation in the industry through international cooperation.

3. Digital Asset Exchange Japan's FSA and MAS will also be partnering on a digital asset exchange to provide seamless trading and exchange of digital assets by Japanese and Singaporean market participants. This follows previous cooperation between the two regulators in the area of fintech innovation and supervision.



source https://titdoi.com/news/Japanese-and-Singaporean-regulators-join-forces-on-crypto-pilot-project

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