The Monetary Authority of Singapore (MAS), Singapore’s financial regulatory authority, has founded a Project Guardian policymaker group in partnership with the Financial Services Agency of Japan (FSA), the Financial Market Supervisory Authority of Switzerland (FINMA), and the Financial Conduct Authority of United Kingdom (FCA), according to Monday press release published on the MAS’ website.
The MAS believes that the group will help facilitate industry pilots under MAS’ Project Guardian for digital assets through regulatory sandboxes to support the development and testing of new digital asset applications in a safe and controlled environment.
Furthermore, the policymaker group aims to promote discussions on the legal, policy, and accounting treatment of digital assets to ensure a clear and consistent regulatory framework across jurisdictions.
It’s also a knowledge-sharing hub among regulators and the industry to…
