Singapore and Vietnam sign agreement on digital asset cooperation

The Monetary Authority of Singapore and the Vietnam Securities Commission signed a letter of intent to collaborate in capital market regulations and the surveillance of digital assets.

THE agreement Will help the two regulators to share information on regulatory executives, supervision practices and anti-flow measures.

The letter aims to improve Vietnam ability To develop his Digital asset regulation Executive while promoting more in -depth cooperation between the two financial authorities. Their financial regulators will share expertise on surveillance.

The agreement is aligned with the broader strengthening of bilateral economic links following the upgrading of the Singapore-Vietnam relations with a complete strategic partnership. It will also facilitate the exchange of expertise on financing for terrorism and market integrity.

The exchange of the law was observed by the Prime Minister of Singapore Lawrence Wong and the secretary general of Vietnam in Lam during an official visit to Singapore.

The deputy director general of Singapore for the capital markets, Lim Tuang Lee, underlined the importance of transfrontal financial connectivity, declaring that the partnership reflects a common commitment to market stability.

The president of the SSC, seen Thi Chan Phuong, stressed that the agreement marks a new stage in the economic cooperation of Singapore-Vietnam, supporting the fair and transparent financial markets.