According to Cryptocoin News, the Monetary Authority of Singapore (MAS) and the Abu Dhabi Global Market (ADGM)– an international financial center that houses Abu Dhabi’s financial regulator–have signed a cooperation agreement to develop and nurture Fintech innovations and entrepreneurs in both countries. Abu Dhabi will benefit from the agreement with Singapore because Singapore is one of the world’s leading Fintech hubs.
Blockchain and Digital Payments to Get a Boost
In specific, the two regulators agreed to establish a strategic framework to aid startups and innovators with the regulatory regimes in each country.
The two will also work together on blockchain, distributed ledger technology (DLT), digital and mobile payments, big data and more.
To get the whole scoop, visit https://www.cryptocoinsnews.com/dubai-regulator-signs-fintech-pact-with-singapores-central-bank/