Hong Kong & UAE Join Forces To Bolster Crypto Regulation
UAE & Hong Kong Coact For Crypto Regulations On May 30, the Central Bank of the United Arab Emirates (CB UAE ) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi which focused on various collaborative initiatives, with a particular emphasis on financial infrastructure, financial market connectivity and cryptocurrency regulations. advertisement Read More: Japan’s BitFlyer Exchange Restricts Crypto Deposits & Transfers During the bilateral meeting, the CBUAE and the HKMA engaged in discussions on key areas of cooperation. The central banks agreed to focus on major areas of finance and even initiated discussions on joint fintech development initiatives and knowledge-sharing efforts within their jurisdictions. To operationalize the agreed-upon initiatives, a joint working group, led by the CBUAE and HKMA and with the support of relevant stakeholders from the banking sectors of both jurisdictions, will be formed. This col...