The Financial Authority of Singapore (MAS) and Vietnam’s State Securities Fee (SSC) have signed a Letter of Intent (LOI) to boost collaboration in capital markets regulation and digital asset oversight.
The deal seeks to enhance the integrity and stability of each international locations’ monetary markets by offering for the sharing of knowledge on supervisory practices, regulatory programs, and anti-money laundering capabilities.
The LOI goals to boost Vietnam’s skill to boost its regulatory framework for digital property and to encourage nearer cooperation between the 2 monetary regulators.
That is along with sharing expertise on supervisory mechanisms and coordinating with the final strengthening of Singapore-Vietnam financial relations, following the promotion of Singapore-Vietnam ties to a Complete Strategic Partnership.
Throughout an official go to to Singapore, Vietnam’s Common 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 careworn cross-border monetary connectivity is essential, and the collaboration displays a mutual dedication for market stability.
The settlement helps clear and equitable monetary markets and represents a brand new chapter in Singapore-Vietnam financial cooperation, in accordance with SSC Chairperson Vu Thi Chan Phuong.
This collaboration underscores each international locations’ dedication to fostering a safe and strong monetary setting, notably within the quickly evolving digital asset sector.
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