Central Banks of Hong Kong and UAE Collaborate on Cryptocurrency Guidelines and Fintech Improvement

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The central banks of Hong Kong and the United Arab Emirates (UAE) are contemplating cooperating on cryptocurrency regulation and monetary know-how improvement.

On Could 30, the Hong Kong Financial Authority (HKMA) Mentioned After assembly with its Central Financial institution of the United Arab Emirates (CBUAE) counterpart, the 2 sides agreed to “strengthen cooperation” on “the regulation and improvement of digital belongings.”

HKMAMore With CEO Eddie Yue (fifth from proper) CBUAEMore Governor Khaled Mohammed Barama (fifth from left) poses with Hong Kong and UAE banking executives. Supply: HKMA
CBUAEMore Picture with Governor Khalid Mohamed Barama (left) HKMAMore CEO Eddie Yue (proper) On the Could 29 assembly. Supply: HKMA

Cryptocurrencies will ‘reside’: HKMA Treasury Secretary

Learn extra on Cointelegraph

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