Alisa Davidson
Revealed: March 12, 2025 at 10:28 am Up to date: March 12, 2025 at 10:28 am
Edited and fact-checked:
March 12, 2025 at 10:28 am
In Transient
The Financial Authority of Singapore and the State Securities Fee of Vietnam partnered to boost the integrity and stability of their capital markets whereas strengthening the regulatory framework for digital belongings in Vietnam.
The Financial Authority of Singapore (MAS) and the State Securities Fee of Vietnam (SSC) have introduced a partnership geared toward enhancing the integrity and stability of their capital markets whereas fostering connectivity between the 2 nations. This collaboration will concentrate on strengthening the regulatory framework for digital belongings in Vietnam.
By means of a Letter of Intent (LOI), each businesses will promote the change of knowledge concerning regulatory constructions for capital markets and digital belongings. Moreover, they are going to share experience in areas equivalent to anti-money laundering and counter-terrorism financing, in addition to develop capacity-building initiatives and mutual experiences within the regulation and oversight of capital markets and digital belongings.
MAS And SSC To Develop Cooperation With LOI
Consultant of Capital Markets on the MAS, acknowledged that Singapore and Vietnam have a longstanding partnership in capital markets, which has been strengthened via bilateral engagements and cooperation at varied regional and worldwide boards. He famous that the signing of the LOI highlights their mutual dedication to safeguarding the integrity and stability of their capital markets whereas enhancing cross-border connectivity. LOI would facilitate mutual studying and deepen collaboration between MAS and the SSC.
In the meantime, Ms. Vu Thi Chan Phuong, Chairperson of the SSC, remarked that the connection between Vietnam and Singapore has advanced right into a Complete Strategic Partnership, with financial, monetary, and funding cooperation turning into more and more profound and efficient.
She indicated that the LOI marks an essential development, laying a basis for each capital market regulators to boost cooperation, change experience, and share experiences. This, she added, would contribute to the general improvement of the capital market and the digital asset sector, in the end making certain the integrity of the monetary markets in each international locations and the broader area. LOI is anticipated to advertise secure, honest, clear, and sustainable progress within the capital and digital asset markets of each nations transferring ahead.
Final 12 months, the SSC engaged in discussions with MAS concerning the potential for the inventory market, searching for MAS‘s help in refining rules to advertise the event of the Vietnamese inventory market. This initiative obtained a positive response, with each events expressing a dedication to boost cooperation. Additionally they deliberated on varied insurance policies geared toward creating the inventory market, together with matters equivalent to pre-trade margin exemptions, central counterparty companions (CCP), and clearing and settlement processes.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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