Hong Kong and the UAE are working together to align their approaches to cryptocurrency regulation just one day ahead of the opening of retail trading in Hong Kong.
Hong Kong and the United Arab Emirates' central banks are looking to collaborate on cryptocurrency regulations and financial technology development.it met with its counterparts at the Central Bank of the United Arab Emirates with the two agreeing to “strengthen cooperation” on “virtual asset regulations and developments.”
Financial infrastructure and financial market connectivity between the two jurisdictions were also noted as key points discussed.
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