TechFlow news: The Monetary Authority of Singapore (MAS) issued a statement announcing collaboration with the Japan Financial Services Agency (JFSA), the Swiss Financial Market Supervisory Authority (FINMA), and the UK Financial Conduct Authority (FCA) to advance pilot projects on digital assets involving fixed income, foreign exchange, and asset management products.
MAS has established a policy-maker group called Project Guardian, with participation from JFSA, FCA, and FINMA, aimed at fostering discussions on legal, policy, and accounting treatments for digital assets, and identifying potential risks in existing policies and regulations related to tokenization solutions. This industry collaboration initiative seeks to promote cooperation and regulatory compliance in the digital asset space.
