The partnership between Hong Kong and UAE’s central banks marks a significant step in crypto regulation, focusing on virtual assets regulations, financial market connectivity, and infrastructure development. This collaboration aims to advance innovation in their financial sectors and potentially shape the future of crypto regulation globally.
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Hong Kong and UAE Unite for Crypto Regulations: Opportunities and Challenges Ahead
Hong Kong and UAE authorities met to strengthen cooperation on crypto regulations, fostering a friendly environment for global crypto companies. They agreed to establish a joint working group on virtual assets and aim to make cross-border trade easier and secure.