On January 27th, the Hong Kong Securities and Futures Commission (SFC) inked a Memorandum of Understanding (MOU) with the UAE Capital Markets Authority, aiming to intensify their collaborative efforts in regulating cross-border digital assets. This milestone agreement represents the inaugural pact forged by the Hong Kong SFC with an international regulatory body concerning the oversight of regulated digital asset entities. It lays down a structured framework for regulatory cooperation, underscoring the SFC's steadfast dedication to fostering global collaboration in this burgeoning sector.
