The Securities and Futures Commission of Hong Kong signed a memorandum of understanding with the United Arab Emirates Securities and Commodities Authority to strengthen cross-border digital asset cooperation and create a new milestone together.

The Securities and Futures Commission of Hong Kong and the Capital Markets Authority of the United Arab Emirates signed a memorandum of understanding today to enhance cross-border regulatory cooperation on digital asset-related matters. This landmark memorandum of understanding is the first agreement signed between the Securities and Futures Commission of Hong Kong and overseas regulatory authorities on the regulation of entities dealing with regulated digital assets. The memorandum establishes a framework for enhanced regulatory cooperation, including mutual consultation and information exchange on regulating cross-border regulated digital asset entities, fully demonstrating the commitment of the Securities and Futures Commission to promoting international cooperation in accordance with its ASPIRe roadmap.